The Malaysian economy in figures

Tags: RM, Developed Countries, Bank Negara Malaysia, Department of Statistics Malaysia, IMD World Competitiveness Yearbook, South Korea, Malaysia, United States of America, Singapore, Source, Balance of Payments, Economic Planning Unit, Indonesia Malaysia, Thailand, Gross Domestic Product, GNI Per Capita, Germany, Consumer Price Index, United Kingdom, Developing Economies, Germany Japan United Kingdom, Philippines, Peninsular Malaysia, Bursa Malaysia, Labour force, Yang di-Pertuan Agong, Financial Account Balance, Prime Minister's Department, Federal Government Finance 12, Sabah Electricity Sdn Bhd, Real GDP growth rate, Ethnic Group, Residents Foreign Exchange Administration, Producer Price Index, Malaysian Economy, China India, Secondary income, Goods balance Services, Australia Germany Japan United Kingdom United States of America, World Bank World Development Indicator, ASEAN Indonesia Malaysia Philippines Thailand, Current account balance, Trade balance, Hong Kong South Korea Taiwan Singapore, Developing Asia Exports, Investment Resource, Department of Statistics, Far East, Indonesia, ASEAN, balance Services, ASEAN Indonesia, IMF World Economic Outlook April 2016, Rest of the World
Content: The Malaysian Economy in Figures Economic Planning Unit, Prime Minister's Department
2016
The Malaysian Economy in Figures 2016 Prepared by Economic Planning Unit, Prime Minister's Department Phone : 03-8000 8000 Fax : 03-8888 3798 www.epu.gov.my
Background on Malaysia · Malaysia covers an area of 330,323 square kilometers and lies entirely in the equatorial zone, with the average daily temperature throughout Malaysia varies between 21C to 32C. It is made of 13 states in Peninsular Malaysia (Johor, Kedah, Kelantan, Melaka, Negeri Sembilan, Pahang, Perak, Perlis, Pulau Pinang, Selangor, Terengganu as well as the Federal Territories of Kuala Lumpur and Putrajaya) and the states of Sabah and Sarawak on the island of Borneo as well as the Federal Territory of Labuan off Sabah. · Malaysia is a multi-ethnic country with the principal ethnic groups of Malay, Chinese and Indian. Other significant groups are the indigenous people of Sabah and Sarawak, including Kadazan Dusun, Bajau and Murut in Sabah as well as Iban, Bidayuh and Melanau in Sarawak. · Malaysia practises a system of Parliamentary democracy with constitutional monarchy. It has three branches of government the Executive, the Legislature and the Judiciary. · The Malaysian Parliament is made up of His Majesty Yang di-Pertuan Agong, the Senate (Upper House) with 70 members and the House of Representatives (Lower House) with 222 members. Out of the 70 senators in the Senate, 44 are appointed by the His Majesty Yang di-Pertuan Agong while 26 are elected by the State legislatures. The general election for the 222 members of the lower house must be held every five years. The last general election was held in 2013. i
MALAYSIA: BASIC STATISTICS
2013
2014
2015 (p)
2016 (e)
Population (million) Labour force (million) Employment (million)
30.2
30.7
13.6
13.9
13.2
13.5
31.2 14.2 13.8 1/
31.4 14.6 14.1
Unemployment rate (%)
3.1
2.9
3.1
3.3-3.5
Nominal GDP (RM billion)
1,018.8 1,106.6 1,156.9
1,229.0
Nominal GNI (RM billion)
984.8 1,069.3 1,124.7
1,191.0
Real GDP growth rate (%)
4.7
6.0
5.0
4.0-4.5
GNI Per Capita (RM)
32,596 34,945 36,285
37,930
GNI Per Capita (US$)
10,345 10,677
9,291
8,821
GNI Per Capita PPP (US$)
23,078 24,569 25,580
26,577
Inflation (% p.a.)
2.1
3.2
2.1
2.5-3.5
Merchandise exports (RM billion)
720.0
765.4
779.9
798.7
Merchandise imports (RM billion)
648.7
682.9
685.4
719.0
Current account of BOP (% of GNI)
3.6
4.4
3.0
1.0-2.0
Exchange rate (RM/US$)
3.15
3.27
4.29
4.11 2/
Note Source
: (p) Preliminary (e) Estimate 1/ Updated based on population estimates 2015 2/ January-May 2016 : Bank Negara Malaysia, Department of Statistics Malaysia and the World Bank
ii
1
KEY ECONOMIC INDICATORS
1.1 gross domestic product
1.2 Gross National Income
1.3 Balance of Payments
1.4 federal government Finance
1.5 Price Indices
1.6 Unemployment
1.7 Exchange Rates
1.8 Money and Banking
MALAYSIAN ECONOMY IN FIGURES As at May 2016
Table of Contents Page
4.1.5 Sources of Finance (Net)
1
4.1.6 Debt
1
4.2 Consolidated Public Sector Finance
1
4.2.1 general government
1
4.2.2 NFPEs Surplus / Deficit
2
4.2.3 Public Sector Current Surplus / Deficit
2
4.2.4 Development Expenditure
2
4.2.5 Overall Surplus / Deficit
2
4.2.6 External Debt
Page 12 12 12 12 12 12 12 12 12
2
AREA, POPULATION AND LABOUR FORCE
2.1 Area
4
2.2 Population
4
2.3 Population Age Structure
4
2.4 Population by Ethnic Group
5
2.5 Labour Force
6
2.6 Employment
6
3
GROSS DOMESTIC PRODUCT
3.1 Supply
7
3.2 Demand
7
3.3 Savings and Investment Gap
8
3.4 Production of Major Commodities
8
3.5 Industrial Production Index (IPI)
10
3.6 Distributive Trade
11
4
PUBLIC SECTOR ACCOUNTS
4.1 Federal Government Finance
12
4.1.1 Revenue
12
4.1.2 Operating Expenditure
12
4.1.3 Development Expenditure
12
4.1.4 Overall Surplus / Deficit
12
5
BALANCE OF PAYMENTS
5.1 Goods (Net)
15
5.2 Services (Net)
15
5.3 Primary Income (Net)
15
5.4 Secondary Income
15
5.5 Current Account Balance (Net)
15
5.6 Capital and Financial Account Balance (Net)
15
5.7 Overall Balance
15
6
BURSA MALAYSIA
6.1 Composite Index
17
6.2 Market Valuation
17
6.3 Selected World stock market Indices
17
6.4 New Listing
17
6.5 Listed Companies
17
6.6 Turnover
18
7
APPROVED INVESTMENT PROJECTS
7.1 Approved Investment Projects
19
7.2 Foreign Investment in Approved Projects
19
7.3 Proposed Capital Investments in Approved Projects
20
iii
8 8.1 8.2 8.3 8.4 8.5 8.6 8.7 9 9.1 10 10.1 10.2 10.3 10.4 10.5 10.6 11 11.1 11.2 11.3 11.4
EXTERNAL SECTOR Gross Exports Gross Imports Destination of Exports Sources of Imports Trade Prices and Terms of Trade Trade Balance by Main Trading Partner Tourists Arrivals by Region PRIVATISATION Privatisation Achievement ENERGY AND INFRASTRUCTURE Final energy consumption Electricity - Demand and Supply Roads by Surface Type Railway Statistics Air Traffic Statistics Port Statistics QUALITY OF LIFE Malaysian Well-Being Index (MWI) Selected Social Indicators Poverty Female-Related Information
12 12.1 12.2
INTERNATIONAL COMPARISON Real Gross Domestic Product Consumer Price Index
Table of Contents Page
12.3
21
12.4
21
12.5
22
12.6
22
12.7
22
12.8
25
12.9
27
12.10
12.11
28
12.12
12.13
12.14
29
12.15
29
12.16
31
12.17
31
31
13
31
14
14.1
32
14.2
33
14.3
35
14.4
35
15
15.1
36
15.2
37
15.3
Structure of Output Structure of Demand Current Account of Balance of Payments Savings and Investment Government, Debt and Resource Flows Population, Urbanisation and population density Structure of Employment Quality of Life GNI Per Capita (US$) Information Age Science and Technology World Competitiveness Ranking Productivity per Worker Productivity per Worker (PPP) Productivity by Sector (PPP) MALAYSIA'S COMPETITIVENESS POSITION INVESTORS' GUIDE Income Tax Rate Promotion of Investment Act Income Tax Act Others FOREIGN EXCHANGE ADMINISTRATION POLICIES Foreign Exchange Administration Rules Applicable to Residents Foreign Exchange Administration Rules Applicable to Non-Residents Special Status Companies
Page 38 39 40 41 42 43 44 45 46 47 48 49 50 51 52 53 54 54 54 54 55 57 59
iv
1. KEY ECONOMIC INDICATORS
1.1 Gross Domestic Product 1/ (in constant 2010 prices) Agriculture Mining and quarrying Manufacturing Construction Services
Unit
2012
RM billion
% p.a.
2013
RM billion
% p.a.
912.3
5.5
955.1
4.7
89.4
1.0
91.2
2.0
86.8
1.6
87.8
1.2
211.9
4.4
219.2
3.4
34.9
18.1
38.6
10.6
479.3
6.5
507.8
5.9
1.2 Gross National Income 2/ (in constant 2010 prices) Private consumption Private investment Public consumption Public investment Exports of goods and services Imports of goods and services GNI per capita (in current prices) 1.3 Balance of Payments Goods (net) Services (net) Primary income (net) Secondary income (net) Current account balance Capital account Financial account Overall balance
RM `000 US$ `000
871.8 457.6 134.5 124.4 98.7 731.0 638.2 31.7 10.3 113.0 -8.5 -35.8 -18.5 50.2 0.2 -23.0 3.9
3.9 8.3 21.4 5.4 15.9 -1.7 2.9 3.5 2.5 % of GNI 12.1 -0.9 -3.8 -2.0 5.4 0.0 -2.5 0.4
916.7 490.8 151.7 131.6 100.5 732.9 649.2 32.6 10.3 96.6 -9.6 -34.0 -17.5 35.5 0.0 -20.2 14.6
5.2 7.2 12.8 5.8 1.9 0.3 1.7 2.8 0.8 % of GNI 9.8 -1.0 -3.4 -1.8 3.6 0.0 -2.1 1.5
Bank Negara Malaysia international reserves 3/ Months of retained imports
427.2 9.5
441.9 9.5
1.4 Federal Government Finance
% of GDP
Revenue
207.9
21.4
Operating expenditure
205.5
21.2
Development expenditure (net)
44.3
4.6
Overall balance
-42.0
-4.3
Note
: (p) Preliminary (e) Estimate based on BNM Annual Report 2015 1/ Includes import duties
Source
: Bank Negara Malaysia and Department of Statistics Malaysia
% of GDP
213.4
20.9
211.3
20.7
40.7
4.0
-38.6
-3.8
2/ Includes change in stock
2014 RM billion 1,012.5 93.1 90.8 232.8 43.1 541.1
% p.a. 6.0 2.1 3.5 6.2 11.7 6.6
2015 (p) RM billion 1,062.8
% p.a. 5.0
94.1
1.2
95.1
4.7
244.2
4.9
46.6
8.2
568.9
5.1
972.6 525.0 168.5 137.3 95.7 770.5 675.1 34.9 10.7 113.3 -10.7 -36.6 -17.4 48.6 0.3 -80.0 -36.5
6.1 7.0 11.1 4.3 -4.7 5.0 4.0 7.3 3.3 % of GNI 10.6 -1.0 -3.4 -1.6 4.5 0.0 -7.5 -3.4
1,125.1 556.6 179.3 143.2 94.7 774.7 683.5 36.3 9.3 109.5 -21.0 -32.0 -21.9 34.7 -1.1 -50.9 3.8
405.3
409.1
8.3
8.5
% of GDP
220.6
19.9
219.1
219.6
19.8
217.0
38.5
3.5
39.3
-37.4
-3.4
-37.2
3/ End period 4/ As at April 2016
6.8 6.0 6.4 4.4 -1.0 0.6 1.2 3.8 -13.0 % of GNI 9.7 -1.9 -2.8 -1.9 3.1 -0.1 -4.5 0.3 % of GDP 18.9 18.8 3.4 -3.2
2016 (e)
RM billion
% p.a.
1,106.1
4.0-4.5
93.6
-0.3
98.2
3.5
254.2
4.1
50.4
7.9
594.0
4.4
1,077.7 584.9 189.2 146.2 95.8 800.2 708.2 37.9 8.8 99.5 -19.2 -38.0 -23.1 19.1 ... ... ... 381.4 4/ 7.9 4/ 217.9 211.2 45.2 -38.5
3.8 5.1 5.5 2.0 1.1 3.3 3.6 4.5 -5.8 % of GNI 8.4 -1.6 -3.2 -1.9 1.6 ... ... ... % of GDP 17.7 17.2 3.7 -3.1 1
Unit
2012
2013
2014
2015
1.5 Price Indices Consumer Price Index (CPI) 1/ Producer Price Index (PPI) 1/
% p.a. % p.a.
1.6
2.1
0.1
-1.7
3.2
2.1
1.4
-4.8
1.6 Unemployment
% of labour force
3.0
3.1
2.9
3.1 2/
1.7 Exchange Rates (average for period) RM / US$ RM / 100 Yen RM / S$ RM / Pound Sterling
3.089 3.872 2.472 4.895
3.151 3.233 2.518 4.930
3.273 3.098 2.583 5.391
4.292 3.226 2.838 5.974
1.8 Money and Banking Money supply M1 Money supply M2 Money supply M3 Banking system Total deposits Total loans Ratio of net impaired loans to net total loans 8/ interest rates 3-month interbank 3-month fixed deposit Savings deposit Base lending rate 3-month Treasury Bills
RM billion RM billion RM billion RM billion RM billion % of total loans Avg. at end-period (%) Avg. at end-period (%) Avg. at end-period (%) Avg. at end-period (%) Avg. at end-period (%)
287.1 1,330.8 1,350.3 1,408.3 1,108.0 1.4 3.15 2.98 1.04 6.53 3.04
327.6 1,436.5 1,452.3 1,525.2 1,225.7 1.3 3.16 2.97 1.01 6.53 3.00
346.4 1,544.7 1,553.8 1,641.6 1,339.7 1.2 3.51 3.13 1.03 6.66 3.13
360.5 1,588.5 1,594.6 1,670.4 1,445.1 1.2 3.74 3.13 1.06 6.79 3.11
Note : 1/ Based on 2010 prices (2010=100) 2/ Updated based on population estimates 2015 3/ January­April 2016 4/ January­March 2016 5/ January­May 2016 6/ As at April 2016 7/ As at March 2016 8/ Definition of impaired loans: Outstanding amount of loans (principal and interest) classified as impaired when the principal or interest is six months or more in arrears. Interests on these loans are subsequently suspended. Source : Bank Negara Malaysia and Department of Statistics Malaysia
2016 3.1 3/ -4.0 3/ 3.1 4/ 4.105 5/ 3.638 5/ 2.963 5/ 5.897 5/ 350.4 6/ 1,595.8 6/ 1,601.5 6/ 1,659.6 6/ 1,447.8 6/ 1.2 6/ 3.67 6/ 3.14 6/ 1.02 6/ 6.80 6/ 2.39 7/ 2
GROSS DOMESTIC PRODUCT, 1990-2016 Annual change (%) 12
10
8
6
4
2
0
-2
-4
Malaysia
World -6
Advanced Economies
-8
Emerging Market & Developing
Economies -10 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16 (e)
Note : (e) Estimate Source : Bank Negara Malaysia and Department of Statistics Malaysia
MALAYSIA: GDP, CPI AND UNEMPLOYMENT RATE, 1990-2016 Annual change (%) 12
10
8
6
4
2
0
-2
-4
GDP
-6
Consumer Price Index
Unemployment Rate -8
-10 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16 (e)
Note : (e) Estimate
Source : Bank Negara Malaysia and Department of Statistics Malaysia
3
2. AREA, POPULATION AND LABOUR FORCE
2.1 Area
Sq. km.
Malaysia Peninsular Malaysia Sabah and Labuan Sarawak
330,323 131,880 73,994 124,450
2.2 Population 1/
Unit
Number (Mid-year) Growth Density
million % p.a. per sq. km.
2012 29.7 2.1 89.9
2013 30.2 1.7 91.4
2.3 Population Age 1/ Structure
2012 million
% of Total
2013 million
% of Total
2014 million
% of Total
Age group 0 ­ 14 15 ­ 64 65 and above TOTAL
7.8
26.4
7.8
25.8
7.8
25.4
20.3
68.3
20.7
68.6
21.2
69.0
1.6
5.3
1.7
5.5
1.7
5.7
29.7
100.0
30.2
100.0
30.7
100.0
Dependency ratio 2/
46.4
45.6
Note Source
: 1/ Population projection based on the Population and Housing Censes of 2010, adjusted for under-enumeration 2/ A measure showing the number of dependents (aged 0-14 and over the age of 65) to the total working population (aged 15-64) : Economic Planning Unit and Department of Statistics Malaysia
45.1
2014
2015
30.7
31.2
1.7
1.6
92.9
94.5
2015 million
% of Total
7.8
25.0
21.6
69.1
1.8
5.9
31.2
100.0
44.7
4
Unit
2.4 Population by Ethnic Group 1/
Malaysian Citizens
'000
Bumiputera
'000
Malay
'000
Other Bumiputera
'000
Chinese
'000
Indian
'000
Others
'000
2012 26,993 18,355 14,868 3,488 6,478 1,890 270
Non-Citizens 2/
'000
2,670
TOTAL
'000
29,663
Note Source
: 1/ Population projection based on the Population and Housing Census of 2010, adjusted for under-enumeration 2/ Includes permanent residents, foreign workers with work permits, expatriates and foreign students : Economic Planning Unit and Department of Statistics Malaysia
2013 27,322 18,547 15,023 3,524 6,553 1,965 273 2,888 30,210
2014 27,652 18,803 15,231 3,573 6,636 1,936 277 3,072 30,724
2015 28,121 19,123 15,489 3,633 6,749 1,968 281 3,125 31,246 5
2.5 Labour Force Labour force Labour Force Participation Rate: Total 1/ Male 2/ Female 3/ Unemployment Rate
Unit '000 % % % % of labour force
2012 13,162.4 65.7 81.2 49.5 3.0
2.6 Employment Total Agriculture Mining Manufacturing Construction Services
'000 % of total % of total % of total % of total % of total
12,773 12.5 0.6 17.6 9.1 60.1
Note : 1/ Total number of economically active people as a percentage of the working age population of 15 to 64 years 2/ Total number of economically active people as a percentage of males in the working age population 3/ Total number of people economically active as a percentage of females in the working age population Source : Economic Planning Unit and Department of Statistics Malaysia
2013 13,630.9 67.0 80.7 52.6 3.1 13,179 12.3 0.6 17.6 9.1 60.5
2014 13,931.3 67.4 80.7 53.5 2.9 13,533 11.9 0.6 17.7 8.9 60.8
2015 14,219.0 67.8 80.8 54.3 3.1 13,775 11.7 0.6 17.8 8.9 61.0 6
3. GROSS DOMESTIC PRODUCT 3.1 Supply (in constant 2010 prices) Agriculture Mining and quarrying Manufacturing Construction Services Electricity, gas and water Transport, storage and communications Wholesale and retail trade, motor vehicles, accommodation, food and beverage Finance and insurance, real estate and business services Government services Other services Plus: Import duties GDP at purchasers' value
2012 RM billion % p.a.
2013 RM billion % p.a.
2014 RM billion % p.a.
2015 (p) RM billion % p.a.
2016 (e) RM billion % p.a.
89.4
1.0
86.8
1.6
211.9
4.4
34.9
18.1
479.3
6.5
24.2
4.9
78.3
7.1
150.4
4.7
107.7
7.7
78.4
9.6
40.3
4.5
10.0
15.6
912.3
5.5
91.2 87.8 219.2 38.6 507.8 25.2 84.0 159.7 112.1 84.2 42.6 10.6 955.1
2.0 1.2 3.4 10.6 5.9 4.4 7.3 6.2 4.1 7.4 5.6 5.7 4.7
93.1
2.1
90.8
3.5
232.9
6.2
43.1
11.7
541.1
6.6
26.2
3.8
90.6
7.9
173.3
8.5
117.0
4.3
89.3
6.2
44.6
4.7
11.6
10.0
1,012.5
6.0
94.1
1.2
95.1
4.7
244.2
4.9
46.6
8.2
568.9
5.1
27.1
3.5
97.8
7.9
185.1
6.8
119.3
2.0
92.9
4.0
46.7
4.7
13.8
18.5
1,062.8
5.0
93.6
-0.3
98.2
3.5
254.2
4.1
50.4
7.9
594.0
4.4
27.9
3.1
105.1
7.5
195.1
5.4
121.7 95.7 48.4 15.7 1,106.1
2.0 2.9 3.7 13.5 4.0-4.5
3.2 Demand (in constant 2010 prices) Private expenditure Consumption Investment Public expenditure Consumption Investment Exports of goods and services Imports of goods and services GDP at purchasers' value 1/ Note : (p) Preliminary (e) Estimate 1/ Includes change in stock Source : Bank Negara Malaysia and Department of Statistics Malaysia
592.2
11.1
457.6
8.3
134.5
21.4
223.0
9.8
124.4
5.4
98.7
15.9
731.0
-1.7
638.2
2.9
912.3
5.5
642.5
8.5
490.8
7.2
151.7
12.8
232.1
4.0
131.6
5.9
100.5
1.9
732.9
0.3
649.2
1.7
955.1
4.7
693.6
7.9
525.0
7.0
168.5
11.0
233.0
0.4
137.3
4.4
95.7
-4.7
770.5
5.1
675.1
4.2
1,012.5
6.0
735.8
6.1
556.6
6.0
179.3
6.4
238.0
2.1
143.2
4.3
94.7
-1.0
774.7
0.7
683.5
1.3
1,062.8
5.0
774.1 584.9 189.2 242.1 146.2 95.8 800.2 708.2 1,106.1
5.2 5.1 5.5 1.7 2.0 1.1 3.2 3.4 4.0-4.5
7
3.3 Savings and Investment Gap Savings (current prices) % of GNI Investment (current prices) 1/ % of GNI Resource Balance (current prices) % of GNI
Unit
2012 RM billion % p.a.
2013 RM billion % p.a.
2014 RM billion % p.a.
2015 (p) RM billion % p.a.
300.3
-3.4
32.1
250.1
18.3
26.7
50.2 5.4
299.7
-0.2
30.4
264.2
5.7
26.8
35.5 3.6
325.0
8.5
30.3
276.5
4.6
25.8
47.6 4.5
325.0
0.0
28.9
290.3
5.2
25.8
34.7 3.1
3.4 Production of Major Commodities Rubber Crude palm oil Sawlogs Tin Crude oil & condensates Natural gas
'000 tonnes '000 tonnes '000 cu. m 2/ `000 tonnes '000 bpd 3/ mmscfd 4/
923
-7.4
18,782
-0.7
15,897
-0.6
3.7
11.4
586
2.8
6,007
1.3
Note Source
: (p) Preliminary 1/ Includes change in stock 2/ Cubic metres 3/ Barrels per day : Bank Negara Malaysia and Department of Statistics Malaysia
4/ Million standard cubic feet per day
826 19,217 14,401 3.7 576 6,271
-10.4 2.3 -9.4 -0.8 -1.7 4.4
669 19,667 14,911 3.8 603 6,331
-19.1 2.3 3.5 1.7 4.7 1.0
722 19,962 13,625 4.2 654 6,136
7.9 1.5 -8.6 10.7 8.5 -3.1
8
GDP, CONSUMPTION AND INVESTMENT, 1990-2016 Annual change (%) 30
20
10
0
-10
-20
-30
GDP
Consumption
-40
Investment
-50 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16(e) Note : (e) Estimate Source : Bank Negara Malaysia and Department of Statistics Malaysia
STRUCTURE OF PRODUCTION, 1970-2016 Share to GDP (%) 100
80
60
40
20
0 1'97700 1'98800 1'99900 2'00000 2'01100 2'01166(e)
Services
29.2 33.7 36.4 42.1 51.2 53.7
Manufacturing
8.8 12.9 18.9 25.3 23.4 23.0
Mining and quarrying 24.5 21.6 18.1 16.1 10.9 8.9
Agriculture
31.8 25.9 20.7 11.6 10.1 8.5
Construction
1.9 2.8 3.9 3.8 3.4 4.6
Note : (e) Estimate
Source : Bank Negara Malaysia and Department of Statistics Malaysia
9
Selected Industries 3.5 Industrial Production Index 1/ (2010 =100) Manufacturing 2/ Export-Oriented Industries Electronics and electrical products Chemicals and chemical products Petroleum products 3/ Textiles, wearing apparel and footwear Wood and wood products Rubber products Off-estate processing Paper products
2012 Index % p.a. 106.7 4.2 111.3 5.2 110.4 6.5 106.7 8.1 121.9 10.8 108.3 4.7 105.2 -7.1 103.1 8.7 124.3 3.0 104.6 -0.8 112.9 3.1
2013 Index % p.a. 110.3 3.4 116.0 4.2 114.5 3.7 117.3 9.9 121.1 -0.7 108.6 0.2 102.4 -2.6 99.9 -3.1 134.5 8.2 111.5 6.6 115.5 2.3
2014 Index % p.a. 116.0 5.1 123.0 6.1 120.8 5.6 131.1 11.8 125.4 3.6 109.2 0.6 113.5 10.8 107.7 7.8 132.8 -1.3 117.2 5.1 114.2 -1.1
2015 Index % p.a. 121.2 4.5 128.9 4.8 126.7 4.8 143.1 9.2 131.2 4.6 110.5 1.2 122.0 7.5 115.3 7.1 139.5 5.1 113.1 -3.5 117.7 3.0
MANUFACTURING PRODUCTION INDEX, 2013-2015 Annual change (%) 9 8 7 6 5
Domestic-Oriented Industries
114.4 1.7 121.2 5.9 130.6 7.7 136.7 4.7 4
Non-metallic mineral products Fabricated metal products
115.4 2.9 115.0 -0.4 122.9 138.6 13.8 155.6 12.2 159.9
6.9 131.3 2.8 167.3
6.8 4.6
3
Basic iron and steel
and non-ferrous metal
95.4 -6.6 98.6 3.4 101.4 2.8 102.9 1.6 2
Transport equipment
115.8 3.4 131.8 13.8 150.7 14.4 158.6 5.2
Food products Construction-related products
112.5 -2.8 116.7 3.8 123.0 5.4 126.1 2.5 1 105.6 -1.5 106.9 1.3 112.3 5.1 117.4 4.5
Beverages Tobacco products Others
105.6 -3.2 123.6 10.6
103.3 -2.1 101.3 -18.0
121.6 17.7 106.2 4.8
135.8 11.7 115.9 9.1
0
117.5 2.3 105.5 -10.2 116.6 10.6 108.8 -6.7
'13
'14
'15
Overall manufacturing
Note
: 1/ This index covers mining, manufacturing and electricity sectors as defined under the Malaysian Standard industrial classification (MSIC) 2008 2/ The index covers 102 out of the 194 manufacturing industries, which accounted for 89.7% of the value of
Export-oriented manufacturing Domestic-oriented manufacturing
total manufacturing gross output and 86.1% of the value-add in the 2005 Economic Census 3/ Includes natural gas
Source : Bank Negara Malaysia and Department of Statistics Malaysia
10
3.6 Distributive Trade Wholesale Value of sales (RM million) Number of workers ('000) Salaries and wages (RM million) Retail Value of sales (RM million) Number of workers ('000) Salaries and wages (RM million) Motor Vehicles Value of sales (RM million) Number of workers ('000) Salaries and wages (RM million) Total Value of sales (RM million) Number of workers ('000) Salaries and wages (RM million) Sales per worker (RM) Salaries and wages per worker (RM) Source : Department of Statistics Malaysia
2012 Level
% p.a.
2013 Level
% p.a.
2014 Level
% p.a.
2015 Level
% p.a.
429,022
4.0
444,774
3.7
471,945
6.1
493,079
4.5
393
1.2
398
1.4
406
2.0
417
2.7
12,621
6.0
13,126
4.0
14,054
7.1
14,985
6.6
284,305
7.4
309,475
8.9
343,678
11.1
371,586
8.1
935
1.2
950
1.6
969
2.0
993
2.5
17,994
9.8
19,815
10.1
20,677
4.4
21,514
4.0
123,080
6.2
127,166
3.3
135,588
6.6
142,746
5.3
237
0.5
241
1.6
243
0.8
250
2.9
5,148
9.2
5,572
8.2
5,777
3.7
6,128
6.1
836,407
5.4
881,415
5.4
951,211
7.9
1,007,412
5.9
1,565
1.1
1,590
1.6
1,618
1.8
1,659
2.5
35,763
8.3
38,513
7.7
40,508
5.2
42,628
5.2
533,226
2.2
554,252
3.9
588,250
6.1
607,146
3.2
22,711
5.6
24,228
6.7
25,033
3.3
25,691
2.6
11
4. PUBLIC SECTOR ACCOUNTS
Unit 4.1 Federal Government Finance
4.1.1 Revenue Direct taxes Indirect taxes Non-tax revenue Non-revenue receipts
RM billion % of GDP % of total % of total % of total % of total
4.1.2 Operating Expenditure Emoluments Pension and gratuities Debt service charges Supplies and services Subsidies Asset acquisition Grants and transfers 1/ Others 2/
RM billion % of GDP % of total % of total % of total % of total % of total % of total % of total % of total
4.1.3 Development Expenditure (Gross) Economic services Social services Security General administration
RM billion % of GDP % of total % of total % of total % of total
4.1.4 Overall Surplus/Deficit
RM billion % of GDP
4.1.5
Sources of Finance (net) Domestic borrowing External borrowing Change in assets
RM billion RM billion RM billion
4.1.6 Debt
RM billion % of GDP
2012 207.9 21.4 56.2 16.7 26.4 0.6 205.5 21.2 29.2 6.8 9.5 15.6 21.4 0.9 15.9 0.7 46.9 4.8 61.7 26.4 9.4 2.5 -42.0 -4.3 43.3 -0.0 -1.4 501.6 51.6
2013 213.4 20.9 56.5 16.6 25.5 1.3 211.3 20.7 28.9 7.0 9.8 16.0 20.5 0.7 16.5 0.6 42.2 4.1 58.4 25.8 11.0 4.8 -38.6 -3.8 39.5 -0.2 -0.7 539.9 53.0
2014 220.6 19.9 57.4 17.0 24.4 1.2 219.6 19.8 30.5 8.3 10.3 15.6 18.1 0.8 15.8 0.7 39.5 3.6 59.1 26.6 11.0 3.4 -37.4 -3.4 37.6 -0.4 0.2 582.8 52.7
2015(p) 219.1 18.9 51.0 24.5 23.5 1.0 217.0 18.8 32.3 8.7 11.2 16.8 12.6 0.8 17.2 0.5 40.8 3.5 57.1 27.4 11.7 3.8 -37.2 -3.2 38.9 0.7 -0.2 630.5 54.5
2016(e) 217.9 17.7 55.6 25.7 18.0 0.7 211.2 17.2 32.7 9.1 12.4 16.9 12.1 0.4 15.9 0.5 46.0 3.7 60.6 26.2 10.0 3.2 -38.5 -3.1 ... ... ... ... ...
4.2 4.2.1 4.2.2 4.2.3 4.2.4 4.2.5 4.2.6
Consolidated Public Sector Finance General Government Revenue Operating expenditure Current deficit Non-Financial Public Enterprises (NFPEs) Current Balance Public Sector Current Account Balance Development Expenditure Overall Balance External Debt Debt service ratio Total debt Medium-and-long term debt
Unit RM billion RM billion RM billion % of GDP RM billion % of GDP RM billion % of GDP RM billion % of GDP RM billion % of GDP % RM billion RM billion
2012 188.8 227.2 -38.5 -4.0 129.8 13.4 91.3 9.4 138.4 14.2 -47.1 -4.8 10.3 602.1 318.6
2013 192.4 237.0 -44.6 -4.4 137.4 13.5 92.8 9.1 139.4 13.7 -46.6 -4.6 9.6 696.6 357.8
2014 2015(p) 2016(e)
204.9 243.4 -38.5 -3.5
234.8 248.0 -13.2 -1.1
225.8 243.5 -17.7 -1.4
126.1 94.5 96.2
11.4
7.7
7.8
87.6 7.9 154.6 14.0 -66.9 -6.0
81.3 6.6 169.4 13.8 -88.1 -7.2
78.4 6.4 173.4 14.1 -95.0 -7.7
11.3 15.6
...
747.5 833.8
...
384.3 481.9
...
Note Source
: (p) Preliminary (e) Estimate based on BNM Annual Report 2015, breakdowns are based on MOF 2015/16 Economic Report 1/ Includes grants and transfers to state governments and grants to statutory bodies 2/ Includes refunds & write-offs and other expenditures not classified : Ministry of Finance and Bank Negara Malaysia
12
FEDERAL GOVERNMENT ACCOUNTS, 1990-2016 RM billion 230 210 190 170 150 130 110 90 70 50 30 10 -10 -30 -50 -70 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16(e) Overall Balance Revenue Development Expenditure Operating Expenditure Note : (e) Estimate based on BNM Annual Report 2015
FEDERAL GOVERNMENT OPERATING EXPENDITURE BY OBJECT, 1990-2016
Share to Total (%) 100
90
80
70
60
50
40
30
20
10
0
'90
'95
'00
'05
'10
'16 (e)
Emoluments
Pension & gratuities
Debt service charges Grants & transfers
Supplies & services Subsidies
Asset acquisition
Others
Note : (e) Estimate based on MOF Economic Report 2015/16 13
FEDERAL GOVERNMENT REVENUE, 1990-2016 RM billion 250
200
150
100
50
0 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16(e)
Direct Taxes
Indirect Taxes
Non-Tax Revenue
Note : (e) Estimate based on MOF Economic Report 2015/16
MALAYSIAN TAX STRUCTURE, 1990-2016
RM billion
DIRECT TAXES
140
120
Company Income Tax
100
Individual Income Tax
80
Petroleum Income Tax
Other Direct Taxes 60
40
20
0
'90
'95
'00
'05
'10
'15
RM billion
50
Export Duties
INDIRECT TAXES
40
Import Duties & Surtax Excise Duties
sales tax
30
Services Tax
20
(e) '16
10
0
'90
'95
'00
'05
'10
'15
'16 (e)
Note : * The Goods and Services Tax (GST) was introduced at 6% in April 2015
(e) Estimate based on MOF Economic Report 2015/16
14
5. BALANCE OF PAYMENTS ITEM 5.1 Goods (net) Exports Imports 5.2 Services (net) Transportation Travel Other services Government transaction 5.3 Primary Income (net) 5.4 Secondary Income 5.5 Current Account Balance (net) 5.6 Capital and Financial Account Balance (net) Capital account Financial account Direct investment Portfolio investment Financial derivatives Other investment 5.7 Overall balance
2012 RM billion % of GNI
113.0
12.1
644.9
68.9
531.8
56.9
-8.5
-0.9
-22.0
-2.4
24.8
2.7
0.0
-1.2
-0.4
0.0
-35.8
-3.8
-18.5
-2.0
50.2
5.4
-22.8
-2.4
0.2
0.0
-23.0
-2.5
-24.4
-2.6
63.9
6.8
1.0
0.1
-63.4
-6.8
3.9
0.4
Bank Negara Malaysia international reserves (net) Months of retained imports
427.2 9.5
Note : (p) Preliminary (e) Estimate 1/ As at 31 May 2016 Source : Bank Negara Malaysia and Department of Statistics Malaysia
2013 RM billion % of GNI
96.6
9.8
637.7
64.7
541.1
54.9
-9.6
-1.0
-23.9
-2.4
29.2
3.0
0.0
-1.5
-0.2
0.0
-34.0
-3.4
-17.5
-1.8
35.5
3.6
-20.2
-2.1
0.0
0.0
-20.2
-2.1
-6.3
-0.6
-3.0
-0.3
-0.3
0.0
-10.7
-1.1
14.6
1.5
441.9 9.5
2014 RM billion % of GNI
113.3
10.6
678.9
63.6
565.5
52.9
-10.7
-1.0
-26.0
-2.4
33.2
3.1
-17.5
-1.6
-0.3
0.0
-36.6
-3.4
-17.4
-1.6
48.6
4.5
-79.6
-7.4
0.3
0.0
-80.0
-7.5
-18.0
-1.7
-39.4
-3.7
-1.0
-0.1
-21.7
-2.0
-36.5
-3.4
405.3 8.3
2015 (p) RM billion % of GNI
109.5
9.7
685.4
60.9
575.8
51.2
-21.0
-1.9
-25.3
-2.2
27.2
2.4
-22.3
-2.0
-0.6
-0.1
-32.0
-2.8
-21.9
-1.9
34.7
3.1
-52.0
-4.6
-1.1
-0.1
-50.9
-4.5
4.8
0.4
-28.2
-2.5
-0.7
-0.1
-26.8
-2.4
3.8
0.3
409.1 8.5
2016 (e) RM billion % of GNI
99.5 707.6 608.1
8.4 59.4 51.1
-19.2
-1.6
-29.1
-2.4
31.6
2.7
-21.1
-1.8
-0.6
-0.1
-38.0
-3.2
-23.1
-1.9
19.1 1.0-2.0
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
...
382.6 1/ 7.9 1/
15
RM billion 200
BALANCE OF PAYMENTS, 2005-2016
BALANCE ON SERVICES AND INCOME, 2005-2016 RM billion 40
30 150 20 100 10
50
0
0
-10
-20 -50 -30
-100
-40
-150 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16 (e)
Overall Balance
Goods
-50 '05 '06 '07 Transportation
'08 '09 Travel
'10 '11 '12 '13 Other Services
'14 '15 '16 (e) Primary Income
Services and Primary Income
Current Account
Financial Account
Note: Data series from 2005-2009 were compiled based on the partial Sixth Edition Balance of Payments Manual (BPM6), International Monetary Fund. Data series from 2010 onwards were compiled
based on the Sixth Edition Balance of Payments Manual (BPM6), with the treatment on Good for Processing (GFP). GFP are goods that are sent abroad by an owner to a processor country for
processing and subsequently returned to the owner or exported to third party, without a change of ownership. GFP are excluded from the goods accounts, with only the processing fees included
in the services account.
16
6. BURSA MALAYSIA
2012
6.1 Composite Index
1,689.0
6.2 Market Valuation (RM billion)
1,465.7
6.3 Selected World Stock Market Indices Dow Jones, New York Nikkei, Tokyo Hang Seng, Hong Kong
13,104.1 10,395.2 22,656.9
6.4 New Listings (number of companies) 2/
Main Market (Main Board) 3/
14
ACE Market (Mesdaq Market) 4/
3
Total
17
6.5 Listed Companies (number of companies)
Main Market (Main Board) 3/
809
ACE Market (Mesdaq Market) 4/
112
Total
921
Note : 1/ As at end of May 2016 2/ FTSE Bursa Malaysia KLCI starting from 6 July 2009 3/ Main Board was renamed as Main Market (effective 3 August 2009) to include Second Board 4/ Mesdaq was renamed as Ace Market effective 3 August 2009 Source : Bursa Malaysia
2013 1,867.0 1,702.1 16,576.7 16,291.3 23,306.4 18 1 19 802 109 911
2014 1,761.3 1,651.2 17,823.1 17,450.8 23,605.0 11 3 14 799 107 906
2015 1,692.5 1,694.7 17,425.0 19,033.7 21,914.4 7 4 11 794 109 903
2016 1/ 1,626.0 1,641.0 17,787.2 17,235.0 20,815.1 3 2 5 794 111 905
17
6.6 Turnover 2/ Consumer products Industrial products Construction Trading/Services Technology Finance Hotels Properties Plantation Mining Trusts /REITs 3/ Infrastructure project companies Closed End Fund Exchange Traded Fund SPAC 4/ Loans Bond Islamic Call Warrants Board/ STRCWARR Grand Total
2012
2013
2014
2015
2016 1/
Volume
Value
Volume
Value
Volume
Value
Volume
Value
Volume
Value
(billion units) (RM billion) (billion units) (RM billion) (billion units) (RM billion) (billion units) (RM billion) (billion units) (RM billion)
22.87 54.73 8.31 97.04 67.77 13.54 0.31 19.53 5.94 0.01 2.84 5.44 0.03 0.15 1.99 2.16 ... 30.87 333.52
24.71 45.88 14.29 164.29 14.94 75.10 0.24 18.72 25.40 0.01 3.80 13.63 0.06 0.16 2.12 0.57 ... 4.35 408.26
21.04 63.95 15.08 121.29 73.54 17.46 0.46 34.65 5.49 0.03 2.61 6.49 0.03 0.12 12.81 1.69 0.00 10.21 386.95
22.62 43.03 25.02 231.51 15.93 102.90 0.68 35.75 19.66 0.03 4.77 19.16 0.06 0.14 4.69 0.56 0.17 1.15 527.83
33.02 92.45 19.24 184.64 98.04 14.14 0.94 41.13 6.32 0.03 2.11 5.40 0.01 0.05 15.17 4.81 0.00 13.14 530.66
27.08 56.08 26.34 222.22 29.62 85.23 0.60 34.60 19.85 0.04 3.88 17.20 0.03 0.06 5.55 1.05 0.01 2.35 531.79
38.49 77.59 16.51 142.31 108.88 12.93 0.61 23.81 4.98 0.01 2.42 4.18 0.01 0.46 5.53 1.00 0.00 61.71 501.43
27.62 63.63 22.91 207.59 35.87 79.69 0.46 18.90 15.62 0.01 4.36 18.78 0.02 0.49 1.28 0.21 0.00 14.76 512.22
18.87 29.84 7.44 58.2 26.06 5.75 0.12 10.41 2.45 0.00 1.04 1.27 0.00 0.19 5.22 0.19 0.00 23.08 190.14
13.09 31.11 9.43 84.14 9.19 37.33 0.17 5.66 9.75 0.00 1.98 5.15 0.01 0.21 0.84 0.05 0.01 3.91 212.01
Note : Figures are inclusive of Direct Business 1/ As at end of May 2016 2/ Main Market and ACE Market (Main Board, Second Board and Mesdaq Market) 3/ Real Estate Investment Trusts 4/ Special Purpose Acquisition Company Source : Bursa Malaysia
18
7. APPROVED INVESTMENT PROJECTS 7.1 Approved Investment Projects Number of projects approved Potential employment Total proposed capital investment Domestic Foreign 7.2 Foreign Investment in Approved Projects (by Selected Country) Total Australia France Germany Japan Singapore Taiwan United Kingdom United States of America Others Source : Malaysian Investment Development Authority
Unit '000s RM million % of total % of total RM million % of total % of total % of total % of total % of total % of total % of total % of total % of total
2012 804 77 41,126 49 51 20,919 0.7 6.9 3.3 13.4 10.6 0.8 2.9 1.4 60.0
2013 787 93 52,101 41 59 30,536 0.5 0.0 5.6 11.8 14.8 0.4 1.6 20.7 44.5
2014 811 78 71,853 45 55 39,593 0.5 0.3 11.2 27.5 19.8 1.7 1.0 3.4 34.7
2015 680 66 74,693 71 29 21,942 1.2 0.1 5.3 18.3 6.4 5.8 0.7 18.9 43.4
19
Unit 7.3 Proposed Capital Investment in Approved Projects (by Selected Industry)
Food manufacturing Textiles and textile products Wood and wood products Paper, printing and publishing Chemicals and chemical products Petroleum and petrochemical products Rubber products Plastic products Non-metallic mineral products Basic metal products Fabricated metal products Machinery and equipment Electronics and electrical products Transport equipment Others
% of total % of total % of total % of total % of total % of total % of total % of total % of total % of total % of total % of total % of total % of total % of total
TOTAL
RM billion
Source : Malaysian Investment Development Authority
2012 8.3 1.1 1.0 2.1 15.7 14.7 3.3 2.7 1.5 9.2 3.0 4.5 9.7 19.1 4.1 41.1
2013 8.4 1.5 0.7 1.1 11.1 11.8 7.0 1.6 4.4 10.7 2.7 3.8 18.8 12.7 3.8 52.1
2014 4.0 1.7 0.5 1.3 15.0 22.2 2.3 1.2 4.8 13.8 3.1 3.4 15.5 7.8 3.3 71.9
2015 CAPITAL INVESTMENT IN APPROVED MANUFACTURING SECTOR PROJECTS, 1990-2015
Investment (RM billion) 3.5 80
No. of Projects 1,600
0.03
1.1
70
1,400
1.3
60
3.1
1,200
36.1 50
1,000
1.8
1.2
40
800
5.0
30
600
4.8
3.5
20
400
2.4
11.9 10
200
8.7
15.5
0
0
'90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14
74.7
Foreign Investment
Domestic Investment
Number of Projects (RHS)
20
8. EXTERNAL SECTOR Total Trade
Unit RM billion
8.1 Gross Exports
RM billion
Manufactured Agriculture Mining
RM billion RM billion RM billion
8.2 Gross Imports
RM billion
Capital goods Intermediate goods Consumption goods
RM billion RM billion RM billion
Trade Balance
RM billion
Note : (p) Preliminary (e) Estimate by EPU based on BNM Annual Report 2015 Source : Bank Negara Malaysia and Department of Statistics Malaysia
2012 1,309.3 702.6 521.7 80.4 94.4 606.7 96.1 363.7 43.7 96.0
2013 1,368.7 720.0 548.1 68.8 97.9 648.7 98.2 379.5 47.6 71.3
2014 1,448.4 765.4 587.2 69.2 104.1 682.9 95.9 408.2 50.3 82.5
2015 (p) 1,465.3 779.9 625.5 67.3 82.7 685.4 95.9 398.8 62.5 94.6
2016 (e) 1,517.6 798.7 660.5 64.7 68.6 719.0 104.4 417.6 64.3 79.5
21
8.3 Destination of Exports ASEAN North East Asia 2/ Japan EU 28 3/ United States of America
Unit % of total % of total % of total % of total % of total
8.4 Sources of Imports North East Asia 2/ ASEAN EU 28 3/ Japan United States of America
% of total % of total % of total % of total % of total
8.5 Trade Prices and Terms of Trade Export Price Index Import Price Index Terms of Trade
Index (2010=100) Index (2010=100) Index (2010=100)
Note : 1/ January-April 2016 2/ China, Hong Kong, South Korea and Taiwan 3/ 28 European Union countries Source : Bank Negara Malaysia and Department of Statistics Malaysia
2012 26.8 23.6 11.9 8.8 8.7 25.6 27.9 10.8 10.3 8.1 112.4 106.9 105.1
2013 28.0 24.5 11.0 9.1 8.1 27.6 26.7 10.9 8.7 7.8 110.5 107.2 103.0
2014 27.9 23.8 10.8 9.5 8.4 28.2 25.7 10.4 8.0 7.7 111.8 108.3 103.2
2015 28.1 24.0 9.5 10.1 9.4 30.4 26.6 10.2 7.8 8.1 107.1 107.4 99.7
2016 1/ 29.2 21.9 8.8 10.2 10.4 31.4 25.3 10.0 8.6 8.7 103.9 107.3 96.8
22
MMc5taau8nnr.ueu76fdf4aa.c8tured
DIVERSIFICATION OF EXPORTS, 1990 AND 2015 (% of Total)
Manufactur M8e0ad.n2u8f0a.c2tured
Oil & gas 16.7
FFoorreessttrry 9y.6 9.6
Tin 1.1
Palm oil 6.3 Others 3.8 Rubber 3.8
Oil & gas 9.4 Forestry 0.8 Tin 0.3
Rubber 0.5
Palm oil 5.8 Others 3.0
1990 RM79.6 billion
2015
RM799.9
billion
23
Interme Ingdtoeiaormtdesediate 6g5o.4ods 65.4
DIVERSIFICATION OF IMPORTS, 1990 AND 2015 (% of Total)
IntermediIantteermediat goods e goods 58.2 58.2 Others 3.6
Capital goods 18.9 CongsmCgo7uooop.m6ondtidpsossutnion 7.6
Others 4.1 IIfmmorpprooerr-tt for erex-peoxrpt ort 4.40.0
1990 RM79.1 billion
Capital goods 14.0
Consumption Congsouomdspti on g9o.o1ds 9.1 2015 RM683.0 billion
Import for re-exports 15.1 24
8.6 Trade Balance by Main Trading Partner (RM billion)
COUNTRY
2012
2013
2014
2015
2016 1/
Exports Imports Balance Exports Imports Balance Exports Imports Balance Exports Imports Balance Exports Imports Balance
North America United States of America Canada EU France Germany Netherlands United Kingdom ASEAN Brunei Indonesia Philippines Singapore Thailand Far East Japan China NIEs Hong Kong South Korea Taiwan West Asia Australia
69.8 57.1 12.8
66.1
61.5
4.6
73.6 68.9
4.8
84.6 60.2 24.3
60.8 49.1 11.7
58.1
50.7
7.4
64.4 52.4 12.0
73.7 55.3 18.3
2.9
2.9
0.1
2.5
3.2
-0.6
2.6
3.0
-0.4
3.0
2.7
0.3
62.2 65.5
-3.4
65.3
70.3
-5.0
72.8 71.2
1.7
78.9 69.6
9.3
5.5 13.0
-7.6
5.5
13.5
-8.0
5.2 12.5
-7.3
5.7
8.6
-2.9
16.0 23.2
-7.2
16.5
22.9
-6.4
17.9 23.2
-5.3
19.6 23.4
-3.7
18.6
5.0
13.5
20.7
5.4
15.3
23.4
8.2
15.2
23.4
9.1
14.3
6.8
6.8
0.0
6.8
7.3
-0.5
7.9
7.1
0.8
9.3
7.1
2.2
188.2 169.3
18.9
201.6 172.9
28.8
213.4 175.6
37.8
219.3 182.0
37.3
2.1
0.2
2.0
2.6
1.0
1.6
2.8
0.8
2.0
2.7
0.5
2.1
27.6 31.1
-3.5
33.1 27.9
5.2
31.8 27.7
4.0
29.1 31.0
-1.9
10.5
4.8
5.7
9.3
4.7
4.6
12.0
5.2
6.9
13.2
6.5
6.7
95.6
80.5
15.1
100.3
80.2
20.0
108.7
85.9
22.8
108.5
82.1
26.4
37.6 35.7
2.0
39.9
38.6
1.3
40.2 39.6
0.6
44.4 41.7
2.7
172.2 154.2
18.0
176.2 162.6
13.6
174.9 170.2
4.7
175.3 182.9
-7.6
83.4 62.4 21.0
79.2
56.4
22.8
82.6 54.7 27.9
73.8 53.6 20.2
88.8 91.9
-3.1
97.0 106.3
-9.2
92.3 115.5 -23.2
101.5 129.4 -27.8
77.3 63.2 14.1
79.2
72.7
6.5
89.6 76.8 12.7
85.8 79.1
6.7
30.1 13.3 16.7
31.3
10.5
20.8
37.0 10.8 26.3
36.9 11.5 25.3
25.4 24.7
0.7
26.2
30.7
-4.5
27.9 31.7
-3.8
25.2 31.1
-5.8
21.8 25.2
-3.4
21.7
31.5
-9.8
24.6 34.4
-9.8
23.8 36.5 -12.8
26.8 31.1
-4.3
27.1
30.7
-3.6
25.4 36.7 -11.3
25.8 35.0
-9.3
29.1 14.6 14.5
29.2
16.5
12.7
33.0 20.2 12.7
28.1 17.5 10.6
29.6 20.3
9.4
25.7 18.5
7.2
0.9
1.0
-0.1
25.2 21.3
3.9
1.9
2.7
-0.8
7.1
7.7
-0.5
6.6
2.1
4.4
2.8
2.3
0.5
72.0 54.1 18.0
0.7
0.2
0.5
9.0
9.5
-0.5
4.5
2.0
2.5
35.4 22.9 12.5
14.2 13.7
0.4
49.3 59.6 -10.4
21.7 18.3
3.4
27.6 41.3 -13.8
26.5 25.6
0.8
12.0
3.8
8.2
7.9
9.8
-1.9
6.5 12.0
-5.5
9.4 34.2 -24.8
9.1
4.7
4.4
TOTAL (including others) Note : 1/ January-April 2016 Source : Department of Statistics Malaysia
702.64 606.68
96.0 719.99 648.15
71.8 765.42 682.87
82.5 779.95 685.3
94.6
246.5 213.5
33.1
25
MALAYSIA'S EXPORTS BY DESTINATION, 1990 AND 2015
MALAYSIA'S IMPORTS BY ORIGIN, 1990 AND 2015
North ANmorethric EU Amearica 15.5 1188..11
(% to Total)
Rest of the World 9.3 NIEs 10.0
Far East 17.9
ASEAN 29.3 1990
RM79.6 billion
Brunei
1.0
Indonesia 4.0
Philippines 4.6
Thailand 12.0
Singapore 77.8
Rest of the World 10.8
North ANmoerrthic Am1177ae..r99ica
NIEs 10.0
Far East 26.0
(% to Total) EU 16.1 ASEAN 19.3 1990 RM79.1 billion
Brunei
0.02
Indonesia 5.6
Philippines 2.8
Thailand 12.5
Singapore 77.7
North
Rest of the World
America 10.1
EU 10.4
17.6
Philippines 6.0 Others1/ 11.0 Indonesia 13.3
Rest of the World 16.3
North America EU 8.8 10.2
Philippines 3.6 Others1/ 11.4 Thailand 22.9
NIEs 11.2
ASEAN 25.7
Far East 24.9
2015
Thailand 20.3 Singapore 49.5
NIEs 11.5
ASEAN 26.6
Far East 26.7
2015
Indonesia 17.0 Singapore 45.1
RM779.9 billion
Note: 1/ Including Brunei, Vietnam, Myanmar, Laos and
RM685.4 billion
Cambodia
26
8.7 Tourist Arrivals by Region
REGION
2012
2013
2014
2015
2016 1/
million
% of Total
million
% of Total
million
% of Total
million
% of Total
millio % of n Total
ASIA ASEAN Eastern Asia Southern Asia Western Asia Central Asia AMERICA Northern America Southern America OCEANIA EUROPE Eastern Europe Northern Europe Southern Europe Western Europe AFRICA OTHERS
22.7 90.5 18.8 74.8 2.6 10.2 1.0 4.2 0.3 1.2 0.0 0.1 0.3 1.3 0.3 1.3 0.0 0.0 0.6 2.3 1.0 4.1 0.1 0.2 0.5 2.1 0.1 0.3 0.4 1.6 0.0 0.2 0.4 1.7
23.3 90.6 19.1 74.3 2.9 11.1 1.1 4.1 0.3 1.0 0.0 0.1 0.3 1.3 0.3 1.3 0.0 0.0 0.6 2.3 1.1 4.2 0.1 0.2 0.5 2.1 0.1 0.3 0.4 1.6 0.1 0.2 0.3 1.3
24.8 90.3 20.4 74.3 2.8 10.3 1.3 4.7 0.3 1.0 0.0 0.1 0.3 1.2 0.3 1.2 0.0 0.0 0.6 2.3 1.2 4.5 0.1 0.3 0.6 2.1 0.1 0.4 0.5 1.7 0.1 0.2 0.4 1.4
23.4 90.8 19.2 74.4 2.9 11.1 1.1 4.2 0.2 0.9 0.0 0.1 0.3 1.2 0.3 1.2 0.0 0.0 0.6 2.1 1.1 4.3 0.1 0.2 0.5 2.0 0.1 0.4 0.4 1.6 0.1 0.2 0.4 1.4
6.1 91.2 4.9 73.7 0.8 12.6 0.3 3.9 0.1 0.9 0.0 0.1 0.1 1.2 0.1 1.2 0.0 0.0 0.1 1.7 0.3 4.3 0.0 0.3 0.1 2.2 0.0 0.3 0.1 1.5 0.0 0.2 0.1 1.4
TOTAL Note : 1/ January-March 2016 Source : Tourism Malaysia
25.1 100.0 25.7 100.0 27.4 100.0 25.7 100.0 6.7 100.0
TOURIST ARRIVALS, 2000-2015 Number of tourist (million) 25 20 15 10 5 0 '00 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 ASEAN East Asia America & Europe Others 27
9. PRIVATISATION 9.1 Privatisation Achievement Total Projects Privatised (as at 31 Dec 2015): Existing projects New projects Jobs eliminated from Government payroll Savings (RM billion): Capital Expenditure Operating Expenditure Proceeds from Sales of Government Equity and Assets Market Capitalisation (as at 31 December 2015): RM billion % of total Bursa Malaysia capitalisation Source : Public-private partnership Unit (UKAS), Prime Minister's Department
1983-2015
754 698 56 113,487 203.5 9.3 6,483.8
SECTORAL DISTRIBUTION
OF PRIVATISED PROJECTS, 1983-2015
(% of Total)
Construction 29.3
Transport, TransporSt,tSortoargaeg&e & CommCuonmicuantiiocnastio 11.9 ns 11.9
Agriculture & Forestry 4.4 Electricity, Gas & Water
7.3
293.0 17.7
Total Projects: 754
MMaannuuffgaaccttuurriinng 99.3.3
Mining &
Quarrying
3.5
Other
Services
7.0
Government Services 7.3
Finance, Real Estate & Business Services 7.7
Wholesale & Retail Trade, Hotel & Restaurant 12.3 28
10. ENERGY AND INFRASTRUCTURE 10.1 Final Energy Consumption, by Source Petroleum products Electricity Natural gas Coal and coke Total
2012
ktoe 1/
% of Total
27,329 10,011 10,206 1,744 49,290
55.4 20.3 20.7 3.5 100.0
2013
ktoe 1/
% of Total
29,379 10,590 10,076 1,539 51,584
57.0 20.5 19.5 3.0 100.0
2014
ktoe 1/
% of Total
29,817 11,042 9,641 1,709 52,209
57.1 21.1 18.5 3.3 100.0
2015 (p)
ktoe 1/
% of Total
30,175 11,175 9,757 1,730 52,837
57.1 21.1 18.5 3.3 100.0
10.2 Electricity - Demand and Supply Peak demand (Megawatt) installed capacity (Megawatt) Reserve margin (%)
2012 17,815 24,400 36.9
2013 19,219 24,970 29.9
2014 19,845 24,785 24.9
Note : (p) Preliminary (e) Estimate 1/ ktoe = kilo tonne of oil equivalent Source : Economic Planning Unit; Ministry of Energy, Green Technology and Water; Energy Commission; Tenaga Nasional Berhad; Sabah Electricity Sdn Bhd; and Sarawak Energy Berhad
2015 (e) 21,615 28,173 30.3
29
GENERATION MIX OF ELECTRICITY, 1995 AND 2015
(% of Total)
Oil
Gas
0.4
66.5
Gas
40.1
Hydro 11.3
Others 1.5
Oil 11.0 Coal 9.7
1995 41,813 GWH
Hydro 14.4
Others 2.1 2015 158,843 GWH
Coal 43.0 30
Unit
2012
2013
2014
10.3 Roads by Surface Type
Paved
km
Unpaved
km
TOTAL
km
143,012 39,687 182,699
158,005 46,165 204,170
154,694 49,094 203,788
10.4 Railway Inter-city daily ridership KTM Komuter daily ridership light rail daily ridership Total freight traffic Container handling
'000s '000s '000s '000 tonnes TEU's 1/
8.4 95.5 347.7 6,096 331,871
7.4 120.4 380.6 6,622 343,395
6.1 128.6 397.9 7,136 318,033
10.5 Air Traffic No. of Passengers Domestic International TOTAL (including transit) Cargo Handled Domestic International TOTAL (including transit)
million million million tonnes tonnes tonnes
34.4 32.8 67.2 167.272 712.460 890.733
43.2 38.4 81.6 168.369 728.859 940.775
45.1 40.0 85.7 181.531 805.884 1,012.397
10.6 Ports Composition of Cargo Throughput General cargo Dry bulk cargo Liquid bulk cargo Containerized cargo TOTAL
million tonnes million tonnes million tonnes million tonnes million tonnes
19.6 39.3 66.5 325.8 451.2
20.5 37.1 69.1 331.8 458.5
21.4 36.2 68.8 335.4 461.8
Note Source
: 1/ Twenty-foot equivalent units (million) : Economic Planning Unit, Department of Statistics Malaysia, Ministry of Transport, Ministry of Works, Land Public Transport Commission and Malaysia Airports Holdings Berhad
2015 ... ... ... ... 5.5 135.8 396.9 4,129 283,063 46.1 40.3 86.4 198,137 781,290 979,427 20.4 60.5 67.7 385.1 533.7 31
11. QUALITY OF LIFE Index 11.1 Malaysian Well-Being Index (2000 = 100) Economic Well-being Transport Communications Education Income & Distribution Working Life Social Well-being Housing Leisure Governance Public Safety Social Participation Culture Health Environment Family Composite Index Note : (p) preliminary Source : Economic Planning Unit
2000 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0 100.0
2010 120.2 121.1 114.7 125.9 119.7 119.4 115.8 130.3 122.4 120.3 115.8 109.3 119.0 110.2 107.4 107.6 117.4
2012
2014 (p)
Point Change, 2000-2014
133.3
131.0
31.0
136.9
135.7
35.7
136.2
132.8
32.8
132.9
135.7
35.7
131.8
136.5
36.5
128.6
114.4
14.4
121.0
122.6
22.6
136.9
144.5
44.5
131.4
135.9
35.9
128.1
132.5
32.5
125.6
134.2
34.2
120.6
116.3
16.3
120.3
119.0
19.0
114.1
118.0
18.0
107.3
103.4
3.4
104.6
100.1
0.1
125.4
125.6
25.6
INDICES OF COMPONENT 2000, 2010 AND 2014
Family 100.1 Environment 103.4
Transport 135.7
CCoommmmuunnicicaattioionns 13s2.8 132.8
Education 135.7
Health 118.0
Income and Distribution 136.5
Culture 119.0
Working Life 114.4
Social Participation 116.3 Public Safety 134.2 2000
Governance 132.5 2010
Leisure 135.9
Housing 144.5 2014 (p)
32
11.2 Selected Social Indicators Unit
2012
2013
2014
2015
Working Life Trade disputes Working days lost Strike Number of workers involved in strike Industrial and commuting accidents
number number of days number number number '000
294 0 0 0 61.6
326 0 0 0 63.6
385 0 0 0 63.3
403 0 0 0 62.9 (p)
Utilities/Facilities Private motorcars and motorcycles Telephone fixed lines Cellular phones Broadband subscribers 1/ Total road mileage Total railway tracks Average daily newspaper circulation
per 1,000 population per 1,000 population per 1,000 population per 1,000 household km km per 1,000 population
1,237.8 134 1,425 660 182,699 2,681 116.2
1,111.6 125 1,438 671 204,170 2,681 110.5
1,205.7 118 1,483 702 203,788 2,685 104.6
1,137.3 113 1,438 718 ... 2,771 (p) ...
Health Population-doctor ratio Crude birth rate Crude death rate infant mortality rate Maternal mortality ratio Life expectancy at birth Male Female Beds in hospitals 2/
persons per 1,000 population per 1,000 population per 1,000 live births per 100,000 live births years years years number
758 17.8 4.7 6.2 23.2 74.4 72.2 76.9 38,978
633 16.3 (p) 4.7 6.3 21.4 74.6 (p) 72.4 (p) 77.1 (p) 39,728
661 16.9 (e) 4.8 (p) 6.2 (p) 22.7 (p) 74.7 (e) 72.5 (e) 77.2 (e) 40,260
... ... 4.8 (e) 6.2 (e) ... 74.8 72.5 77.4 ...
Note : Source :
(p) Preliminary
(e) Estimate
1/ Non-private household and public WiFi subscriptions are not taken into account
2/ Includes Government hospitals and special medical institutions
Economic Planning Unit, Department of Statistics Malaysia, Ministry of Works, Ministry of Health, Ministry of Transport, Industrial Relations Department, Malaysian Communications and Multimedia
Commission, National Registration Department, Social Security Organisation and the World Bank World Development Indicator
33
Education Literacy rate 15 years and above 10 years and above Enrolment Primary school 1/ Lower secondary school 2/ Upper secondary school 3/ Tertiary 4/ Pupil-teacher ratio Primary Secondary
Unit % % % % % total ('000) pupils pupils
2012 94.6 95.2 96.4 94.2 84.5 1,009 12.3 13.1
2013 94.6 95.3 97.1 93.5 84.8 1,067 12.0 13.1
2014 95.2 95.7 97.9 92.5 84.4 ... 11.7 12.5
2015 95.1 ... 97.2 92.5 82.2 ... 11.5 12.0
Utilities Electricity coverage: rural housing units 5/ Water coverage Low-cost house and flat completed
% of population % of population number
95.9 94.7 5,155
96.9 95.1 5,995
97.6 95.3 6,976
98.3 ... 3,110
Environment air quality water quality Forested land
% of stations with API < 51 % of clean rivers % of total land
73.9
74.9
73.4
62.0
58.3
57.2
51.2
58.0
54.5
54.7
55.3
...
Family Marriages Divorces Average household size
number number number
215,604 39,447 4.1
216,666 39,335 ...
221,674 42,014 4.3
56,997 6/ 7,256 6/ ...
Social Participation Membership in residents' associations
number
4,542
3,468
3,941
5,740
Safety Crimes 7/ Road accidents (Fatality Index)
per 1,000 population per 10,000 vehicles
5.2
4.9
4.2
...
3.1
2.9
2.7
2.6
Note : 1/ Includes schools under Ministry of Education, private schools, state religious primary schools, people religious primary schools 2/ Includes schools under Ministry of Education, private schools, MARA Junior Science Colleges, Royal Military College, state religious secondary schools, people religious secondary schools
3/ Data refers to enrolment in form four and form five, which includes schools under Ministry of Education, private schools, MARA Junior Science Colleges, Royal Military College, state religious secondary
schools, people religious secondary schools
4/ Excludes pre-university (e.g. matriculation, pre-diploma and certificate) enrolment
5/ Electricity coverage in urban areas is universal
6/ Data refers to non-muslimsonly 7/ Data based on violent crime and property crime
Source : Economic Planning Unit, Department of Statistics Malaysia, Ministry of Works, Ministry of Education, Ministry of natural resources and Environment, National Registration Department, Department of Islamic Development Malaysia, Royal Malaysian Police, Road Safety Department Malaysia, National Water Services Commission and Registrar of Society
34
11.3 Poverty 1/ Incidence of poverty Overall Rural Urban Incidence of hardcore poverty Overall Rural Urban
Unit % of households % of households % of households % of households % of households % of households
2007 3.6 7.1 2.0 0.7 1.4 0.3
2009 3.8 8.4 1.7 0.7 1.8 0.2
2012 1.7 3.4 1.0 0.2 0.6 0.1
11.4 Female-Related Information Unit
2012
2013
2014
Female population Female labour force Total female employed Female unemployment rate Female labour force participation rate Female primary school enrolment Female secondary school enrolment 2/ Female university enrolment Female members in Parliament 3/
% of population % of labour force % % % % % % % of total members
48.6
48.6
48.7
36.4
37.8
38.4
36.4
37.6
38.3
3.2
3.6
3.3
49.5
52.4
53.6
48.6
48.5
48.6
49.8
49.8
49.9
61.0
61.0
61.4
13.6
13.9
13.6
Note Source
: 1/ Based on the Household Income Survey, which is conducted twice every 5 years 2/ Excludes Form Six enrolment in secondary schools 3/ Includes the Senate 4/ Updated based on population estimates 2015 : Economic Planning Unit; Department of Statistics Malaysia; Ministry of Women, Family and Community Development; Ministry of Education; and Ministry of Higher Education
2014 0.6 1.6 0.3 0.1 0.2 0.0 2015 48.4 38.3 4/ 38.2 4/ 3.4 4/ 54.1 4/ 48.6 50.0 62.0 13.2 35
12. INTERNATIONAL COMPARISON 12.1 Real Gross Domestic Product Annual Growth (%)
2012
2013
World Advanced Economies Germany Japan United Kingdom United States of America Other Advanced Economies Hong Kong South Korea Singapore Taiwan Emerging and Developing Countries ASEAN Brunei Indonesia Malaysia Philippines Thailand Vietnam
3.5
3.3
1.2
1.2
0.6
0.4
1.7
1.4
1.2
2.2
2.2
1.5
2.1
2.3
1.7
3.1
2.3
2.9
3.7
4.7
2.1
2.2
5.3
4.9
0.9
-2.1
6.0
5.6
5.5
4.7
6.7
7.1
7.2
2.7
5.2
5.4
China India
7.7
7.7
5.6
6.6
Note : (e) Estimate Source : Bank Negara Malaysia and IMF World Economic Outlook April 2016
2014 3.4 1.8 1.6 0.0 2.9 2.4 2.8 2.6 3.3 3.3 3.9 4.6 -2.3 5.0 6.0 6.1 0.8 6.0 7.3 7.2
2015
2016 (e)
3.1
3.2
1.9
1.9
1.5
1.5
0.5
0.5
2.2
1.9
2.4
2.4
2.0
2.1
2.4
2.2
2.6
2.7
2.0
1.8
0.7
1.5
4.0
4.1
-0.2
-2.0
4.8
4.9
5.0
4.0-4.5
5.8
6.0
2.8
3.0
6.7
6.3
6.9
6.5
7.3
7.5
REAL GDP GROWTH, 1990-2016 Annual change (%) 12 10 8 6 4 2 0 -2 -4 -6 -8 '90 '92 '94 '96 '98 '00 '02 '04 '06 '08 '10 '12 '14 '16(e) Malaysia World Emerging and Developing Economies 36
Country 12.2 Consumer Price Index (% Annual change)
2012
2013
Advanced Economies Germany Japan United Kingdom United States of America Other Advanced Economies Hong Kong Singapore South Korea Taiwan Emerging Market and Developing Countries ASEAN Brunei Indonesia Malaysia Philippines Thailand Vietnam
2.0
1.4
2.1
1.6
0.0
0.4
2.8
2.6
2.1
1.5
2.0
1.6
4.1
4.3
4.6
2.4
2.2
1.3
1.9
0.8
5.8
5.5
0.1
0.4
4.0
6.4
1.7
2.1
3.2
2.9
3.0
2.2
9.1
6.6
China India
2.6
2.6
9.9
9.4
Note : (e) Estimate Source : Bank Negara Malaysia and IMF World Economic Outlook April 2016
2014 1.4 0.8 2.7 1.5 1.6 1.4 4.4 1.0 1.3 1.2 4.7 -0.2 6.4 3.2 4.2 1.9 4.1 2.0 5.9
2015
2016 (e)
0.3
0.7
0.1
0.5
0.8
-0.2
0.1
0.8
0.1
0.8
0.6
1.2
3.0
2.5
-0.5
0.2
0.7
1.3
-0.3
0.7
4.7
4.5
-0.4
0.2
6.4
4.3
2.1
2.5-3.5
1.4
2.0
-0.9
0.2
0.6
1.3
1.4
1.8
4.9
5.3
INFLATION RATE, 1990-2016 Annual change (%) 10 9 8 7 6 5 4 3 2 1 0 '01 '02 '03 '04 '05 '06 '07 '08 '09 '10 '11 '12 '13 '14 '15 '16(e) Malaysia Advanced Economies Emerging and Developing Economies 37
Country 12.3 Structure of Output Selected Developed Countries Germany Japan United Kingdom United States of America NIEs Hong Kong Singapore Taiwan South Korea ASEAN Indonesia Malaysia 3/ Philippines Thailand China India
Year 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015
GDP (US$ billion) 3,355.9 4,121.6 2,848.8 17,947.0 309.9 292.7 523.7 1,377.9 861.9 272.1 292.0 395.3 10,866.5 2,114.9
Note : 1/ Includes mining, manufacturing, construction, electricity, gas and water 2/ Refers to 2014 3/ Includes import duties Source : Department of Statistics Malaysia and IMD World Competitiveness Yearbook 2016
Agriculture 1.0 2/ 1.0 2/ 1.0 1.0 0.0 2/ 0.0 2.0 2.0 14.0 8.5 10.0 9.0 9.0 17.0
Value-Added of GDP (%) Industry 1/ 31.0 2/ 27.0 2/ 19.0 20.0 7.0 2/ 26.0 35.0 38.0 55.0 39.2 31.0 36.0 41.0 30.0
Services 69.0 2/ 72.0 2/ 80.0 79.0 93.0 2/ 74.0 63.0 60.0 31.0 51.1 59.0 55.0 51.0 53.0
38
Country 12.4 Structure of Demand Selected Developed Countries Germany Japan United Kingdom United States of America NIEs Hong Kong Singapore Taiwan South Korea ASEAN Indonesia Malaysia Philippines Thailand China India
Year 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015 2015
Household Consumption Expenditure
Share of GDP (%)
Government Consumption
Gross Fixed
Expenditure
Capital Formation
54.0 58.6 64.9 68.4 66.2 36.7 52.2 49.5 55.9 54.1 73.7 51.5 38.2 1/ 59.8
19.4 20.4 19.4 14.3 9.6 10.4 13.9 15.2 9.8 13.1 11.0 17.2 13.9 1/ 10.7
20.0 21.7 17.3 19.6 22.6 25.5 20.8 29.1 33.2 26.2 21.7 24.9 44.3 1/ 29.5
Note : 1/ Refers to 2014 Source : Department of Statistics Malaysia and IMD World Competitiveness Yearbook 2016
Exports of Goods 39.6 15.2 16.2 8.39 164.8 119.7 54.5 38.2 17.4 70.9 20.1 54.2 20.9 12.6 39
2012
2013
12.5 Current Account of Balance of Payments (US$ billion)
2014
2015 2016 (e)
Advanced Economies Exports (f.o.b.) Imports (f.o.b.) Goods balance Services balance Trade balance Primary income balance Secondary income balance Current account balance
10,592.7 11,068.4 -475.7 444.8 -56.0 450.8 -401.2 18.8
10,823.2 11,135.9 -312.8 514.0 170.2 440.3 -419.4 222.1
10,940.3 11,260.6 -320.3 559.6 209.1 417.8 -424.0 232.9
9,715.1 9,925.9 -210.7 495.2 265.7 405.3 -387.1 302.7
9,545.2 9,731.3 -186.1 479.8 279.0 406.6 -395.1 305.1
Emerging and Developing Asia Exports (f.o.b.) Imports (f.o.b.) Goods balance Services balance Trade balance Primary income balance Secondary income balance Current account balance
3,144.7 3,015.8 128.9 -32.9 96.0 -102.3 127.2 120.9
3,339.2 3,121.8 217.3 -63.9 153.4 -172.0 119.5 100.9
3,462.0 3,139.4 322.6 -87.3 235.3 -127.8 98.8 208.4
3,251.7 2,794.8 456.9 -135.6 321.3 -150.6 119.6 290.3
3,176.2 2,662.4 513.8 -204.5 309.3 -168.2 129.4 270.5
Emerging Market and Developing Economies Exports (f.o.b.) Imports (f.o.b.) Goods balance Services balance Trade balance Primary income balance Secondary income balance Current account balance Malaysia Exports Imports Goods balance Services balance Trade balance Primary income balance Secondary income balance Current account balance
Note : (e) Estimate f.o.b (free on board) Source : Department of Statistics Malaysia, Bank Negara Malaysia and IMF World Economic Outlook April 2016
2012
2013
2014
2015
2016 (e)
7,463.7 6,567.1 896.6 -315.9 580.7 -483.8 239.9 360.6
7,659.3 6,774.0 885.3 -364.3 521.1 -555.9 215.5 189.6
7,632.4 6,767.8 864.6 -423.9 440.7 -491.3 206.3 145.5
6,462.4 5,937.4 525.0 -374.5 150.5 -426.9 221.3 -71.7
6,105.9 5,685.6 420.3 -403.0 17.3 -402.0 240.1 -163.7
208.8 172.2 36.6 -2.8 33.8 -11.6 -6.0 16.2
202.4 171.7 30.6 -3.0 27.6 -10.8 -5.6 11.3
207.7 173.1 34.7 -3.4 31.2 -11.4 -5.4 14.5
175.6 147.7 27.9 -5.2 22.6 -8.2 -5.7 8.7
164.6 141.4 23.1 -4.5 18.7 -8.8 -5.4 4.5
40
12.6 Savings and Investment (as % of GDP)
2012
2013
World Savings Investment Advanced Economies Savings Investment Resource balance Emerging and Developing Economies Savings Investment Resource balance Malaysia Savings Investment Resource balance
24.9 25.6 20.8 21.2 -0.4 31.7 32.8 -1.1 30.9 25.7 5.2
24.8 25.6 20.6 21.4 -0.8 31.5 32.1 -0.6 29.4 25.9 3.5
Note : e) Estimate Source : Bank Negara Malaysia, Department of Statistics Malaysia and IMF World Economic Outlook April 2016
2014 25.0 25.8 20.8 21.7 -0.9 31.7 32.2 -0.5 29.3 25.0 4.3
2015 24.9 25.6 20.7 21.9 -1.2 31.5 31.4 0.1 28.0 25.1 2.9
2016 (e) 24.9 25.2 20.8 21.4 -0.7 31.5 31.1 0.4 27.4 25.9 1.6
41
Country 12.7 Government, Debt and Resource Flows Selected Developed Countries Australia Germany Japan United Kingdom United States of America NIEs Hong Kong South Korea Taiwan Singapore ASEAN Indonesia Malaysia Philippines Thailand China India
Collected Total Tax Revenue (% of GDP) 2015 25.9 1/ 36.1 3/ 30.6 2/ 32.1 3/ 26.1 3/ 15.7 3/ 24.6 3/ 12.3 3/ 13.9 3/ 10.8 3/ 14.3 10.6 3/ 17.0 3/ 18.7 3/ 17.9 3/
Note : 1/ Refers to 2012 2/ Refers to 2013 3/ Refers to 2014 Source : Ministry of Finance and IMD World Competitiveness Yearbook 2016
General Government Expenditure (% of GDP) 2015 37.5 43.9 41.5 3/ 43.2 36.9 3/ 18.1 21.8 16.6 17.0 17.4 25.6 16.6 17.1 3/ 26.0 27.7 3/
Government Budget Surplus / Deficit (% of GDP) 2015 -3.1 0.7 -5.2 -4.4 -3.7 0.6 -0.2 -1.6 -1.2 -2.5 -3.2 -0.7 0.3 -2.8 -3.6
Central Government Foreign Debt (% of GDP) 2015 ... 46.3 3/ ... ... ... 0.0 0.5 0.0 0.0 5.5 1.9 15.6 0.6 3/ 0.2 3/ 1.5
Direct Investment Flows Inward (US$ billion) 2015 37.7 46.1 -0.4 57.6 409.9 180.8 5.0 2.4 65.3 15.5 11.3 5.9 11.8 3/ 126.7 23.0 42
Country 12.8 Population, Urbanisation and Population Density Selected Developed Countries Australia Germany Japan United Kingdom United States of America NIEs Hong Kong South Korea Taiwan Singapore ASEAN Indonesia Malaysia Philippines Thailand China India
Surface Area ('000 kmІ) 2015 7,741.0 357.0 378.0 244.0 9,832.0 1.0 100.0 36.0 0.1 1,911.0 330.3 300.0 513.0 9,563.0 3,287.0
Source : The World Bank and IMD World Competitiveness Yearbook 2016
Population (million) 2015
Population Density (per kmІ) 2013
Urban Population (% of Total Population) 2015
Population Under 15 years (% of Total Population) 2015
23.9
3.0
90.0
18.8
81.3
231.4
75.0
12.1
126.9
349.3
94.0
12.6
64.7
265.0
80.0
17.6
321.6
34.6
83.0
19.0
7.3
6,845.2
100.0
11.3
50.6
515.9
84.0
14.0
23.5
...
87.0
13.7
5.5
7,713.0
100.0
15.4
255.5
137.9
54.0
27.7
31.2
89.8
73.5
25.0
101.6
330.0
50.0
33.4
65.1
131.2
50.0
18.1
1,374.6
144.6
55.0
17.5
1,291.4
421.1
33.0
28.8
43
Country 12.9 Structure of Employment Selected Developed Countries Australia Germany Japan United Kingdom United States of America NIEs Hong Kong South Korea Taiwan Singapore ASEAN Indonesia Malaysia Philippines Thailand China India
Total Employment (million) 2015 11.9 43.0 63.8 31.1 148.8 3.8 25.9 11.2 3.7 114.8 13.8 38.7 38.0 774.5 508.5 2/
Note : 1/ Includes mining, manufacturing, construction, electricity, gas and water 2/ Refers to 2014 Source : Department of Statistics Malaysia and IMD World Competitiveness Yearbook 2016
Agriculture 2015
Employment by Sector (% of Total Employment) Industry 1/ 2015
2.7 1.4 3.6 1.1 1.6 0.1 5.2 5.0 0.0 32.9 11.7 29.1 32.3 29.5 2/ 48.9 2/
19.0 27.7 24.6 18.6 17.6 11.5 24.7 36.0 28.5 21.8 28.2 16.2 23.7 29.9 2/ 24.3 2/
Services 2015 78.4 70.9 71.8 80.3 80.8 88.3 70.1 59.0 71.5 45.3 60.1 54.7 44.0 40.6 2/ 26.8 2/
44
Country 12.10 Quality of Life Selected Developed Countries Germany Japan United Kingdom United States of America NIEs Hong Kong South Korea Taiwan Singapore ASEAN Indonesia Malaysia Philippines Thailand China India
Life Expectancy at Birth (Years) 2014 80.9 83.5 80.7 79.1 84.0 81.9 79.8 83.0 68.9 74.7 68.2 74.4 75.8 68.0
Infant Mortality (Per 1,000 live births) 2015
Crude Birth Rate (Per 1,000 population) 2014
Dependency Ratio (Population Age <15 and > 65 years) 2015
3.7
9
51.9
2.7
8
64.9
4.2
12
54.6
6.5
13
51.2
2.0
9
36.3
3.4
9
37.2
5.0
...
34.7
2.7
10
37.4
27.2
20
49.0
6.2
17
44.7
28.0
24
60.0
12.3
11
40.3
10.7
12
37.5
47.7
20
51.9
Note : 1/ Refers to 2012 Source : Department of Statistics Malaysia, IMD World Competitiveness Yearbook 2016 and the World Bank World Development Indicator
Adult Literacy Rate (% Age 15 years and above) 2015
Pupil-Teacher Ratio in Education (Primary Education) 2013
99.0
16.0
99.0
17.4
99.0
20.7
99.0
15.4
...
13.8
...
17.3
98.6
13.3
96.8
17.0
93.9 95.1 96.3 96.7 96.4 72.1
16.1 12.0 36.0 16.3 1/ 16.9 41.0
45
12.11 GNI Per Capita (US$) Selected Developed Countries Germany Japan United Kingdom United States of America NIEs Hong Kong South Korea Singapore ASEAN Indonesia Malaysia Philippines Thailand Vietnam China India
2011 46,480 45,190 40,190 50,450 35,690 22,620 48,330 3,010 10,009 2,640 5,000 1,390 5,000 1,410
Source : Department of Statistics Malaysia and the World Bank World Development Indicator
2012 46,680 47,830 41,010 52,530 36,320 24,640 51,390 3,580 10,263 3,000 5,610 1,550 5,870 1,500
2013 46,390 46,330 42,040 53,720 38,520 25,870 54,580 3,740 10,345 3,340 5,840 1,740 6,710 1,530
2014 47,590 42,000 43,390 55,230 40,320 27,090 55,150 3,630 10,677 3,500 5,780 1,890 7,400 1,570 46
Country 12.12 Information Age
Internet Users (No. of internet users per 1,000 people)
Computers Per Capita (No. of computers per 1,000 people)
Mobile
Information Broadband
Broadband Technology Subscribers
Subscribers
Skills 1/ (Per 1,000
(3G & 4G market, (Score) inhabitants)
% of mobile market)
Cyber Security1/ (Score)
2015
2015
2014
2016
2014
2016
Investment in Telecommuni- cations (Capital Expenditure Aggregate Annual Spending) 2014
Internet Mobile Telephone
Fixed
Bandwidth
Costs
Broadband
Speed (Monthly Blended
Tariffs
(Average Average Revenue (Residential),
speed)
per user)
(Per month (US$))
2015
2014
2012
Selected Developed
Countries
Australia
882
968
81.2
7.3
524
6.0
2,232
8.2
40.1
62.1
Germany
868
1,018
49.9
7.0
432
6.2
10,871
12.9
17.5
38.5
Japan
875
904
98.9
7.5
687
5.2
18,321
17.4
40.6
26.6
United Kingdom
843
994
68.3
7.6
450
5.6
3,368
13.5
29.4
20.5
United States of America
890
1,144
69.3
8.6
322
5.8
31,468
13.9
47.0
15.0
NIEs Hong Kong South Korea Taiwan Singapore
877
1,011
72.9
8.7
314
7.4
396
16.8
26.0
21.7
867
956
89.4
7.5
383
5.2
4
26.7
39.1
26.6
830
862
88.4
7.7
...
6.7
1,229
12.9
23.2
13.8
876
953
96.3
8.5
680
7.7
1,014
13.9
40.5
30.2
ASEAN Indonesia Malaysia Philippines Thailand
311
94
15.6
6.8
25
5.2
5
3.9
3.4
20.8
745
470
46.1
7.7
214
6.9
1
5.2
16.0
21.4
372
170
28.5
7.2
65
4.4
1,114
3.2
3.1
23.4
466
210
85.4
6.4
84
5.1
2
9.3
6.0
20.3
China India
455
267
37.7
225
93
10.5
Note : 1/ IMD Survey, where the higher the score is , the better the performance Source : IMD World Competitiveness Yearbook 2016
7.1
146
5.8
56,053
4.1
8.9
8.2
23
5.6
...
2.8
19.7
23.8 5.3 47
Country
Development and Application of Technology (Score) 2016 1/
12.13 Science and Technology
Selected Developed Countries
Australia
7.0
Germany
6.6
Japan
6.5
United Kingdom
7.3
United States of America
7.8
NIEs
Hong Kong
8.0
South Korea
5.2
Taiwan
6.2
Singapore
8.2
ASEAN
Indonesia
5.7
Malaysia
7.2
Philippines
5.5
Thailand
5.6
China
5.8
India
6.3
Funding for technological development (Score) 2016 1/ 5.6 6.1 6.2 6.5 7.9 7.1 4.9 6.7 7.9 4.5 6.8 4.4 5.2 5.7 5.7
Note : 1/ IMD Survey, where the higher the score is, the better the performance 2/ Refers to 2013 Source : IMD World Competitiveness Yearbook 2016
Total Expenditure
Business
High-Technology
on R&D
Expenditure on R&D
Exports
(% of GDP)
(% of GDP)
(US$ million)
2014
2014
2014
High-Technology Exports (% of Manufactured Exports) 2014
Intellectual Property Rights Enforced (Score) 20161/
2.2 2/
1.2 2/
4,691
13.6
8.0
2.8
1.9
199,826
16.0
8.2
3.6
2.8
100,955
16.7
6.9
1.7
1.1
70,653
20.7
8.0
2.7 2/
1.9 2/
155,641
18.2
8.6
0.7
0.3
600 2/
12.3 2/
7.8
4.3
3.4
133,447
26.9
5.8
3.0
2.3
117,672
38.6
6.6
2.2
1.3
137,369
47.2
8.4
0.1 2/
0.0 2/
4,981
7.0
3.8
1.3
0.6
63,376
43.9
6.6
0.1 2/
0.1 2/
23,839
49.0
4.4
0.5
0.3
34,992
20.4
4.9
2.0
1.5
558,606
25.4
4.7
0.9
0.3
17,316
8.6
5.3
48
Country/Rank
Economic Performance 20151/ 20162/
Government Efficiency 20151/ 20162/
Business Efficiency 20151/ 20162/
Basic Infrastructure 20151/ 20162/
OVERALL 20151/ 20162/
12.14 World Competitiveness
Ranking
United States of
America
1
1
23
25
2
7
1
1
1
3
Hong Kong
9
5
1
1
1
1
15
21
2
1
Singapore
3
4
2
3
7
5
7
8
3
4
Switzerland
14
10
5
2
6
3
2
3
4
2
Canada
10
14
8
10
3
12
6
9
5
10
Norway
24
32
7
6
5
8
10
6
7
9
Denmark
23
22
10
8
8
6
3
2
8
6
Sweden
20
17
11
11
9
4
4
4
9
5
Germany
8
8
18
19
7
8
9
10
10
12
Taiwan
11
15
9
9
14
15
18
19
11
14
MALAYSIA
6
11
16
18
10
14
27
31
14
19
Netherlands
25
9
13
15
12
10
8
7
15
8
Ireland
12
6
15
13
13
2
24
23
16
7
New Zealand
37
41
6
4
15
13
23
20
17
16
Australia
28
24
14
14
17
17
19
18
18
17
United Kingdom
18
28
19
16
20
18
16
16
19
18
Finland
52
47
17
21
19
21
5
5
20
20
China
4
3
35
51
27
26
25
25
22
25
South Korea
15
21
28
26
37
48
21
22
25
29
Japan
29
18
42
37
25
29
13
11
27
26
Thailand
13
13
27
23
24
25
46
49
30
28
Philippines
34
38
36
36
26
24
57
55
41
42
Indonesia
36
37
30
32
34
39
56
57
42
48
India
16
16
47
47
33
31
58
58
44
41
Note : The World Competitiveness Ranking series analyse and rank how nations and enterprises manage the totality of their competencies to achieve increased prosperity. The components above provide ranking based on knowledge components. For Malaysia's purpose, the comparison is made for four components, in relation to 21 other countries, which are mainly developed countries. 1/ Rank out of 61 countries 2/ Rank out of 61 countries Source : IMD World Competitiveness Yearbook 2016
WORLD COMPETITIVENESS SCOREBOARD,
2015 AND 2016
Rank
Score
Hong Kong 1 (2) Switzerland 2 (4) USA 3 (1) Singapore 4 (3) Sweden 5 (9) Denmark 6 (8) Ireland 7 (16) Netherlands 8 (15) Norway 9 (7) Canada 10 (5) Germany 12 (10) New Zealand 16 (20) Australia 17 (18) United Kingdom 18 (19) MALAYSIA 19 (14) Finland 20 (20) China 25 (22) Japan 26 (27) Thailand 28 (30) South Korea 29 (25) India 41 (44) Philippines 42 (41) Indonesia 48 (42)
100.00 98.02 97.88 97.65 92.35 91.76 91.54 91.32 90.05 90.05 88.57 85.61 84.27 83.34 83.05 82.04 79.35 78.72 74.68 74.20 65.83 65.54 62.38
2016 2015 Note: Rankings for 2015 are in brackets
49
12.15 Productivity per Worker (Nominal US$) 1/ Selected Developed Countries Germany Japan United Kingdom United States of America Selected Emerging and Developing Economies NIEs Hong Kong South Korea Taiwan Singapore ASEAN Indonesia Malaysia Philippines Thailand China India Note : 1/ GDP per person employed, US$ Source : IMD World Competitiveness Yearbook
2011 86,953 93,972 82,801 107,915 67,136 46,045 43,591 80,478 7,722 25,592 6,043 8,986 9,550 3,823
2012 81,634 95,091 82,764 110,092 71,711 45,769 43,643 82,355 7,924 23,847 6,652 9,388 10,726 3,932
2013 86,872 77,674 84,583 116,722 73,092 52,045 44,607 84,648 7,837 24,002 7,174 9,946 11,927 4,156
2014 90,325 72,559 95,940 119,061 77,006 55,095 44,796 84,956 7,751 24,082 7,471 9,817 13,411 4,423
2015 78,110 64,644 91,585 120,584 81,582 53,126 46,770 80,065 7,507 21,564 7,536 10,398 14,030 4,024
50
12.16 Productivity per Worker, PPP (US$) 1/ Selected Developed Countries Germany Japan United Kingdom United States of America Selected Emerging and Developing Economies NIEs Hong Kong South Korea Taiwan Singapore ASEAN Indonesia Malaysia Philippines Thailand China India Note : 1/ GDP (PPP) per person employed per hour, US$ 2/ Refers to revised 2014 Source : IMD World Competitiveness Yearbook
2011 45.0 34.2 43.5 55.5 41.5 26.3 38.6 45.8 4.6 19.7 5.1 7.1 7.3 4.5
2012 44.8 34.8 42.6 55.2 43.1 26.6 37.8 46.6 5.1 19.4 4.9 7.1 8.0 4.5
2013 47.3 36.3 43.4 59.0 43.8 26.7 39.5 47.3 5.4 20.0 5.3 7.4 8.7 4.8
2014 48.0 36.3 45.7 59.8 44.7 28.7 39.5 59.8 10.2 26.4 7.6 10.7 10.6 6.5
2015 2/ 50.4 37.2 47.4 60.8 46.6 30.2 46.1 62.1 11.1 28.6 8.1 12.1 11.8 6.4
51
Industry 2/
12.17 Productivity by Sector (PPP) (US$) 1/
Selected Developed Countries Germany Japan United Kingdom United States of America
100,809 73,762 3/ 84,719 128,034
Selected Emerging and Developing Economies
NIEs
Hong Kong
60,498 3/
South Korea
98,715
Taiwan
69,330
Singapore
78,922
ASEAN Indonesia Malaysia Philippines Thailand
25,485 53,852 23,588 35,641
China India
23,913 12,289
2013 Services 77,103 74,675 3/ 76,209 112,703 105,141 3/ 52,191 96,830 103,617 10,180 37,150 12,829 19,866 19,671 23,677
Agriculture 42,517 22,896 3/ 44,230 85,474 73,124 3/ 23,389 28,447 ... 4,827 21,709 4,299 3,651 4,808 3,023
Note : 1/ Productivity in agricultural (PPP) = Related GDP (PPP) per person employed in agriculture, US$ Productivity in industry (PPP) = Related GDP (PPP) per person employed in industry, US$ Productivity in services (PPP) = Related GDP (PPP) per person employed in services, US$ 2/ Includes mining, construction, electricity, gas and water 3/ Refers to 2012 4/ Refers to 2013 5/ Refers to 2014 Source : IMD World Competitiveness Yearbook
Industry 2/ 105,440 76,368 4/ 89,768 4/ 129,724 4/ 62,863 4/ 105,087 80,831 103,358 46,637 79,315 35,077 49.073 62,863 4/ 20,870
2014 Services 78,169 74,489 4/ 80,506 4/ 114,190 4/ 107,905 4/ 56,927 93,233 127,717 19,818 47,478 19,199 27,519 25,140 4/ 28,103
Agriculture 42,210 23,756 4/ 46,859 4/ 86,603 4/ 95,622 4/ 27,661 32,589 ... 9,205 30,557 6,642 6,346 6,686 4/ 5,463
Industry 2/
2015 Services Agriculture
102,930 80,382 5/ 89,079 137,732
91,336 75,630 5/ 85,925 117,487
50,632 24,080 5/ 53,131 88,920
66,986 5/ 109,452 96,448 119,669
112,098 5/ 60,723 104,415 132,801
100,247 5/ 31,742 35,644 ...
62,373 87,598 36,402 43,914 33,124 17,926
16,956 49,773 20,611 36,522 27,602 28,260
10,511 43,868 6,746 8,255 7,250 5,141
52
13. MALAYSIA'S COMPETITIVENESS POSITION Ranking 60
50
40
30
20
10
0
IMD World Competitiveness Yearbook 2016
World Bank Doing Business 2016
CurCreunrrteYnet aYrear
1199
1188
PrevPiroeuvsioYuesaYr ear
1144
1177
WEF Global Competitiveness Report 2015-2016 18 20
WEF Global Information Technology Report 2016 31 32
TI Corruption Perceptions Index 2015 54 52
AT Kearney Global Retail Development Index 2016 3 9
AT Kearney Global Services Location 2016 33 33
53
14. INVESTOR'S GUIDE
14.1 Income Tax Rate
· Individual
0-28%
· Corporate
19-24%
14.2 Promotion of Investment Act,1986 · Incentives available are Pioneer Status (PS) and Investment Tax Allowance (ITA). · These incentives are mutually exclusive. · A company granted with PS enjoys partial or full exemption from being taxed for 5 to 10 years. Unabsorbed capital allowances as well as accumulated losses incurred during the pioneer period can be carried forward and deducted from post pioneer income of the company. · The ITA offers allowance of 60%-100% on its qualifying capital expenditure incurred within 5-10 years from the date the first qualifying capital expenditure is incurred. The allowance can be utilised to offset against 70%-100% of the statutory income for each year of assessment. · Incentives are offered based on activities and products determined in the list of promoted products and activities.
14.3 Income Tax Act, 1967
Exemption of income is given the following activities (the quantum of tax
exemption varies):
i.
Principal Hub, Treasury Management Centre, Private Healthcare,
Acquisition of Foreign Company, Industrial Area Management
incentive, Less Developed Areas incentive;
ii.
Reinvestment Allowance;
iii.
Double Deduction: Research & Development, Approved Training,
Promotion of Malaysian Brand Name;
iv.
Accelerated Capital Allowance; and
v.
Capital Allowance to Increase Automation.
14.4 Others Companies are also subjected to other Acts such as Customs Act 1967, Excise Act 1976, Free Zone Act 1990, Labuan Offshore Business Activity Act (LOBATA) 1990 and Goods and Services Tax Act 2014.
54
15. FOREIGN EXCHANGE ADMINISTRATION RULES
Malaysia continues to maintain liberal Foreign Exchange Administration (FEA) rules, which are mainly prudential measures to support the overall macroeconomic objective of
maintaining monetary and financial stability. Bank Negara Malaysia (BNM) is committed in ensuring the FEA rules continue to support and enhance the competitiveness of the
economy through the creation of a more supportive and facilitative environment for trade, business and investment activities.
15.1 Rules Applicable to Residents
15.1.1 Investment in foreign currency assets
up to 50% of NAV or total funds belonging to their resident clients with
· Residents are free to undertake any amount of investment in foreign currency
domestic ringgit borrowing.
assets offered in Malaysia by a resident.
o Licensed takaful operators are allowed to undertake investment abroad up to
· Investment abroad
100% of the NAV of ringgit or foreign currency- denominated investment-linked
o Residents are free to undertake investment abroad using foreign currency
funds belonging to their clients
funds sourced from abroad.
15.1.2 Borrowing onshore and offshore
o Residents without domestic ringgit borrowing are free to invest abroad.
· Borrowing in foreign currency
o Residents with domestic ringgit borrowing who are converting ringgit into
o Resident entities are free to obtain any amount of foreign currency borrowing
foreign currency are free to invest abroad:
from:
up to RM50 million equivalent in aggregate for the group of resident entities
licensed onshore banks;
with parent-subsidiary relationship per calendar year; and
resident or non-resident entities within its group of entities;
up to RM1 million equivalent per calendar year in aggregate for resident
resident or non-resident direct shareholders; and
individuals
another resident through the issuance of foreign currency debt securities
o Residents are free to undertake direct investments abroad using proceeds from
o A prudential limit of RM100 million equivalent in aggregate is applicable to
foreign currency borrowings obtained from licensed onshore banks or licensed
borrowing by resident entities from non-resident financial institutions and other
international Islamic banks.
non-residents which are not part of its group of entities; and
· Investment abroad through intermediaries
o Foreign currency borrowing by resident individuals from licensed onshore
o Resident unit trust companies, closed-end funds, entities offering collective
banks and non-residents, other than immediate family members, is subject to
investment schemes and fund managers and resident insurers are allowed to
an aggregate limit of RM10 million equivalent.
invest abroad on behalf of their resident and non-resident clients as follows:
· Borrowing in ringgit for non-residents
up to 100% of Net Asset Value (NAV) or total funds belonging to resident
o Resident entities are free to obtain:
clients without domestic ringgit borrowing, non-resident clients and Shariah
any amount of ringgit borrowing to finance activities in the real sector in
compliant funds;
Malaysia from:
55
non-resident entities within its group of entities; and their non-resident direct shareholders; and up to RM1 million in aggregate from any other non- resident, other than a non-resident financial institution, for use in Malaysia o Resident individuals are free to obtain: any amount of ringgit borrowing from non-resident immediate family members; and up to RM1 million in aggregate from other non- residents for use in Malaysia 15.1.3 Payments and receipts in foreign currency between residents · Borrowing in foreign currency o Residents are allowed to pay or receive in foreign currency from another resident for the following: settlement for domestic trade in goods or services by resident entities with export earnings; settlement for the purchase or sale of any: security or Islamic security; financial instrument or Islamic financial instrument denominated in foreign currency approved by the Bank; and foreign currency derivatives, other than exchange rate derivatives transacted on a Specified Exchange under the Capital Markets and Services Act 2007 o settlement for a commodity murabahah transaction undertaken through resident commodity trading service providers; o settlement for education or employment overseas; and o for any purpose between immediate family members. 15.1.4 Buying and selling of currency · Buying and selling of ringgit o Residents are free to buy or sell ringgit against foreign currency with a licensed
onshore bank (excluding international Islamic banks) on spot or forward basis for current and financial account transactions either on firm commitment or anticipatory basis. · Buying or selling of foreign currency o Residents are free to buy or sell foreign currency against another foreign currency with a licensed onshore bank. 15.1.5 Export of goods · All export proceeds must be repatriated to Malaysia in full as per the sales contract which must not exceed six months from the date of export; · Settlement with the non-residents can be undertaken both in ringgit or foreign currency; · Approval is required for residents: o to receive the export proceeds later than six months from the date of export; or o to offset the export proceeds against other payables due to non- residents. · Application for approval to extend the period to receive export proceeds exceeding 6 months from the date of export shall be submitted via online at www.bnm.gov.my/fxadmin. The application must be submitted before the expiry of the 6-month period; and · A resident with annual gross exports of goods exceeding RM50 million equivalent in the preceding year shall submit a report to the Bank via www.bnm.gov.my/fxadmin on quarterly basis for all goods exported in that quarter, within 21 days after end of each reporting quarter in the calendar year. 15.1.6 Foreign currency accounts · Resident entities and individuals are free to open foreign currency accounts with licensed onshore banks and non-resident banks; · There are no restrictions on the source of foreign currency funds to be credited in foreign currency accounts maintained with licensed onshore banks; and · In the case of a resident individual, the account can be maintained individually or 56
· jointly with any other resident individual and with a non- resident immediate family member. 15.1.7 Guarantees · Financial guarantee obtained from non-residents o Residents are free to obtain any amount of financial guarantees from their nonbank non-resident group of entities. o Approval is required only for the obtaining of financial guarantees from other non-residents exceeding RM100 million equivalent in aggregate. · Financial guarantee issued to non-residents o Approval is required for financial guarantees exceeding RM50 million equivalent in aggregate issued by a resident to secure borrowing obtained by a non-resident entity from a non-resident entity which is not within its group of entities. · Financial guarantee exceeding RM50 million equivalent in aggregate which do not require approval shall be registered not later than seven (7) business days after issuing or obtaining the financial guarantee. 15.1.8 Securities · Residents are allowed to issue securities or Islamic securities- o denominated in ringgit in Malaysia to non-residents; and o denominated in foreign currency to any person Issuance of debt securities to non-residents is subject to rules on borrowing by residents. · Residents are allowed to transfer securities, Islamic securities, financial instruments or Islamic financial instruments denominated in foreign currency subject to rules on borrowing and investment in foreign currency assets by residents. 15.1.9 Import and Export of Currency · Residents are free to import into and export from Malaysia any amount of foreign currency including traveller's cheques. · Residents travellers are allowed to carry ringgit on his person or in his baggage or
his possession, only up to USD10,000 equivalent upon arrival or leaving Malaysia.
15.2
Rules Applicable to Non-Residents
15.2.1 Investments in Malaysia
· The Malaysian markets are easily accessible by global investors. There is free
mobility for inflow and outflow of capital for investments in Malaysia.
· The investments can be funded through:
o the conversion of foreign currency to ringgit with licensed onshore banks
(excluding licensed international Islamic banks) or through an appointed
overseas office of the licensed onshore bank's banking group;
o foreign currency borrowings from the licensed onshore banks; or
o ringgit borrowing from licensed onshore banks (excluding licensed international
Islamic banks) for real sector activities and for the purchase of residential and
commercial properties in Malaysia except for the purchase of land only.
· Non-residents are free to remit out divestment proceeds, profits, dividends or any
income arising from investments in Malaysia. Repatriation, however, must be
made in foreign currency.
15.2.2 Accesibility to domestic financing
· Financing in foreign currency
· Non-residents are free to obtain foreign currency financing from licensed onshore
banks. Proceeds of the borrowing can be utilised in or outside Malaysia; and
· Non-residents are also allowed to issue foreign-currency denominated
sukuk/bonds in Malaysia for use in or outside Malaysia.
· Financing in ringgit
o Non-residents are allowed to obtain ringgit financing as follows:
57
Borrower Non-resident other than financial institution
Lender · Licensed onshore banks (excluding licensed international Islamic banks) · Resident stockbroking corporation · Licensed onshore banks with stockbroking licence · Licensed insurer or a licensed takaful operator · Resident companies and individuals
Limit/Purpose · Free to obtain any amount to finance: o real sector activities in Malaysia; o the settlement for the purchase of goods or services with a resident; or o the purchase of residential and commercial properties in Malaysia except for the purchase of land only. · Free to obtain margin financing · Up to the attained cash surrender value of any life insurance policy or family takaful certificate purchased by the non- resident · Free to obtain any amount to finance real sector activities in Malaysia
· Individuals who are immediate family member
· Any amount and purpose
Non-resident custodian bank or nonresident stock broking corporation
· Employer in Malaysia · Licensed onshore banks (excluding licensed international Islamic banks)
· Any amount pursuant to the terms and conditions of service and for use in Malaysia · Free to obtain overdraft facilities to facilitate settlement of shares or ringgit instruments traded: o on Bursa Malaysia; or o through the Real Time Electronic Transfer of Funds and Securities System (RENTAS) o to avoid settlement failure due to inadvertent delays of payment by non- residents
15.2.3 Settlement for trade in goods or services · Settlement for trade in goods or services with residents can be undertaken both in foreign currency or ringgit. 15.2.4 Buying or selling of currency · Buying or selling of ringgit o Non-residents are free to buy or sell ringgit against foreign currency with licensed onshore banks (excluding licensed international Islamic banks) on spot and forward basis for both current and financial account transactions; o Non-residents are allowed to buy or sell ringgit against foreign currency with an appointed overseas' office of a licensed onshore bank's banking group on behalf of its non-resident clients for the settlement of trade in goods or services with a resident; or the purchase or sale of ringgit assets; and any non-resident financial institution for the settlement of trade in goods or services with a resident. 15.2.5 Buying or selling of foreign currency · Non-residents are free to buy or sell foreign currency against another foreign currency in Malaysia only with a licensed onshore bank. 15.2.6 Financial instrument · Non-resident non-banks are free to enter into ringgit-denominated interest rate derivatives offered by a licensed onshore bank (excluding licensed international Islamic banks). · Buying or selling of derivatives involving or with reference to exchange rates shall comply with prevailing rule on buying or selling of currency by non-residents. · Non-residents are free to enter into ringgit-denominated derivatives and approved foreign currency derivatives offered on Bursa Malaysia. · Settlement for the above transactions can be made either in ringgit or foreign 58
currency equivalent. 15.2.7 Foreign currency and ringgit accounts · Non-residents are free to open: o foreign currency accounts with licensed onshore banks in Malaysia; and o ringgit accounts in Malaysia. · Funds in these accounts are free to be remitted abroad in foreign currency. 15.2.7 Securities · Non-residents are allowed to issue securities or Islamic securities denominated in foreign currency in Malaysia to any person. 15.2.7 Import and export of currency · Non-residents are free to import into and export from Malaysia, any amount of foreign currency including traveller's cheques. · Non-resident travellers are allowed to carry ringgit on his person or in his baggage or in his possession, only up to USD10,000 equivalent upon arrival or leaving Malaysia.
15.3
Special Status Companies
Companies awarded the Operational Headquarters (OHQ) and Treasury Management Centre (TMC) status are granted the following additional FEA flexibilities:
Special status company FEA flexibility
OHQ
Free to obtain any amount of foreign currency borrowing from non-residents including financial institutions for own use in carrying out qualifying services under their OHQ status.
TMC
Free to undertake (based on treasury services to be undertaken): · borrowing in foreign currency from any non-resident; · lending in foreign currency to resident and non-resident related entities; · centralisation of foreign currency funds on behalf of its group of companies in accounts maintained with banks in Malaysia; · payment or receipt in foreign currency with o related companies in Malaysia; o other resident suppliers for purchase of goods and services sourced overseas used for the group's operations; · hedging with licensed onshore banks on behalf of the group of companies; · offsetting of export receivables with a non-resident for own account or on behalf of other related companies.
59
JANUARY SMTWT F S 12 3456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 APRIL SMTWT F S 12 3456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
2016 FEBRUARY SMTWT F S 123456 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 MAY SMTWT F S 1234567 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
MARCH SMTWT F S 12345 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 JUNE SMTWT F S 1234 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
JULY SMTWT F S 12 3456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
AUGUST SMTWT F S 1234567 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
SEPTEMBER SMTWT F S 123 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
OCTOBER SMTWT F S 1 2345678 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
NOVEMBER SMTWT F S 12345 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
DECEMBER SMTWT F S 123 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
National Public Holidays 2016
1 January
- New Year
24 January
- Thaipusam
1 February
- Federal Territory Day
8-9 February
- Chinese New Year
1 May
- Labour Day
5 May
- Israk & Mikraj
21 May
- Wesak Day
4 June
- Agong's Birthday
22 June
- Nuzul Al-Quran
6-7 July
- Hari Raya Puasa
31 August - National Day
12-13 Sept - Hari Raya Haji
JANUARY SMTWT F S 1234567 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
2017 FEBRUARY SMTWT F S 1234 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28
MARCH SMTWT F S 1234 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
APRIL SMTWT F S 1 2345678 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 JULY SMTWT F S 1 2345678 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 OCTOBER SMTWT F S 1234567 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
MAY SMTWT F S 123456 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 AUGUST SMTWT F S 12345 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 NOVEMBER SMTWT F S 1234 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30
JUNE SMTWT F S 123 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 SEPTEMBER SMTWT F S 12 3456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 DECEMBER SMTWT F S 12 3456789 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31
16 September - Malaysia Day
2 October
- Awal Muharram
29 October
- Deepavali
12 December - Prophet Muhammad's Birthday
25 December - Christmas
School Holidays in 2016 60

File: the-malaysian-economy-in-figures.pdf
Title: Slide 1
Author: Nadian Rasali
Published: Wed Aug 3 16:06:53 2016
Pages: 68
File size: 1.17 Mb


Coronary fluid dynamics, 13 pages, 0.24 Mb

About the Author, 88 pages, 1.26 Mb

Forest Products, 2 pages, 0.45 Mb
Copyright © 2018 doc.uments.com